Notably, an LLC can opt for S-corp classification for tax purposes. Therefore, it’s essential to compare LLC vs. S-corp options when forming your business or reaching a certain profitability level.

Learn the key differences between C-corps and LLCs to determine which is best for your business.

Keep in mind that S-corp distributions are not subject to self-employment taxes, while profits from an LLC may be considered self-employment income—depending on the LLC’s tax classification.

Whether or not you decide to pay yourself using an LLC or S Corp depends on your business needs and goals and your unique tax circumstances.

Navigating the world of business structures can be daunting for entrepreneurs. Understanding the differences between an LLC, S-Corp, and Sole Proprietorship is crucial for making informed ...

Choosing the form of your business entity is one of the first and most important steps toward running a successful business. Three of the most common entity types are C-Corporations, S ...

Self-employment and side hustles have been booming in popularity, which complicates taxes for some. Financial planner Nate Hoskin said for most side hustles it's best to be a sole proprietor or ...

Learn the difference between a C corp and an LLC, each structure’s key pros and cons and what alternatives are available.

Comparing S Corp vs LLC, we discuss tax differences, ownership and management structure and which is right for you.