LLC vs S Corp: What Are They? Differences & Benefits

LLC and S Corp

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An LLC combines aspects of a corporation with tax advantages of a partnership, offering liability protection to owners.

Smaller Businesses

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Differences

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Business's Needs

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LLC vs S Corp: What Are They? Differences & Benefits

LLC and S Corp

LLC and S Corp are common business structures in the U.S., each with distinct differences and benefits.

An LLC combines aspects of a corporation with tax advantages of a partnership, offering liability protection to owners.

Smaller Businesses

S Corp structures are ideal for smaller businesses, providing pass-through taxation and avoiding double taxation.

Differences

Key differences between LLC and S Corp include ownership, management, and ongoing formalities.

Business's Needs

Choosing the right structure depends on your business's operational needs, liability protection, and compliance requirements.

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