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LLC and S Corp Benefits
Posted by GuestPoster in Legal Matters
When looking at a single member LLC vs S Corp you will notice that there are many similarities between the two. One of the differences that you will notice is that a single member LLC is run by one person, where as an S Corp is run by a Board of Directors. When looking at an LLC vs S Corp you will also notice that both business structures provide its members or shareholders with liability protection, as long as there has been no personal guarantee signed. Another difference you will notice is the LLC vs S Corp tax benefits. With an LLC you will have to classify your business as something else to pay your federal taxes, with an S Corp you simply file a Form 1120S. When looking at LLC vs S Corp you will see that in some cases, the advantages outweigh the disadvantages.
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