LLC vs. S corp: Which is right for your business and taxes?Â
xendoo
AUGUST 2, 2023
Advantages of LLCs Disadvantages of LLCs Protects the owner’s personal assets Subject to self-employment tax, meaning a possible higher tax bill It’s a pass-through entity, so you include business income on your personal tax return. However, LLCs have the option to choose a corporate taxation structure with the IRS.
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