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LLC vs S-Corporation?

Veteran

Denise Townsend Plano, TX

Can anyone provide a good explanation of the two? Which has better tax benefits LLC or S-Corporation?

17 June 2019 5 replies Small Business

Answers

Advisor

Rita Silic Springfield, MO

Hi, Denise,
I follow explicitly the information, training and advice of Ron Mueller who has https://www.homebusinesstaxsavings.com/
His site can help clarify what would work best for you as a small business owner.

18 June 2019 Helpful answer

Advisor

Sam Hoffman Roslyn Heights, NY

S Corp makes it easier to hire employees, but if you will be by yourself you would probably do better with an LLC

18 June 2019 Helpful answer

Veteran

Denise Townsend Plano, TX

I went to Dave Ramsey's site and he suggests:

S-Corporation for small businesses mainly for liability reasons and payroll tax benefits.

18 June 2019 Helpful answer

Veteran

Denise Townsend Plano, TX

Thank you Sam!

Veteran

Denise Townsend Plano, TX

Hi Rita, after browsing the site, most of the information is at a cost.

I was looking for a simple read that explains the s-corp tax benefits.

Thank you for your response.

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