My clients frequently ask me, “What is an S Corp vs LLC and which one is best?” There's a lot of confusion surrounding this topic. First of all, a limited liability company (LLC) and a corp (INC) are business structures, while an S Corp is a tax classification. I'll explain why you might choose one over the other, and also how you can elect to have your LLC taxed as an S corp for tax advantages. We'll cover the difference between a C Corp, an S Corp, and a Sole Proprietorship. I'll also reveal how you can utilize Bizee (formerly Incfile) to file small business entities.
YOUTUBE VIDEO: S Corp vs LLC vs Sole Proprietorship – Which Do I Choose?
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