The Key Differences Between an LLC and an S Corporation
When starting a business, choosing the right legal structure is crucial for liability protection, taxes, and overall business operations. Two of the most common structures are Limited Liability Companies (LLCs) and S Corporations, each offering distinct advantages.
An LLC is a flexible structure that provides personal liability protection while allowing owners to choose how they want to be taxed. An S Corporation, on the other hand, is a tax election that allows profits to pass through to shareholders, avoiding double taxation while providing some tax benefits.
Deciding between an LLC and an S Corp depends on your business goals, number of owners, and future plans. Online law firms can guide you through the process of selecting the right structure and help you with the necessary filings.
If you’re unsure which option is best for you, consulting an online attorney can ensure that your business is set up correctly and positioned for success.
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John Smith
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Jenna Brown
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