LLC vs S-Corporation - Which One Can Save You More On Your Taxes?
Author: Ronica Brown | Estimated Reading Time: 2 minutes
“The hardest thing in the world to understand is the income tax.” – Albert Einstein
Business entity selections are not only important for start-ups, but also for more mature businesses. The more complex a business gets, the more flexibility may be needed in order to maximize tax savings.
Most small businesses in the U.S. are limited liability companies (LLCs). On the other hand, there are some business owners who elect to be taxed as an S-Corporation so they can reduce their self-employment tax. So which business entity is right for your business?
