Can anyone provide a good explanation of the two? Which has better tax benefits LLC or S-Corporation?
Answers
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.
S Corp makes it easier to hire employees, but if you will be by yourself you would probably do better with an LLC
I went to Dave Ramsey's site and he suggests:
S-Corporation for small businesses mainly for liability reasons and payroll tax benefits.
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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