LLC vs S Corp
Posted by taxguru on May 5, 2006
Q:
Subject: LLC vs S-Corp
Kerry,
You raised some interesting points to consider when choose b/t a S-corp and C-corp. I wanted know what you thought the important points to consider when choosing b/t a S-corp and a LLC taxed as a partnership (besides the fringe benefits).
Thanks again for your input.
A:
Listing all of the distinguishing factors of LLCs and S corps isn’t the way to approach this. What you and the business’s other owners need to do is all meet with a qualified professional tax advisor, who should ask you a ton of questions related to the business goals, before mutually working out what would be the best entity for that particular business venture.
Good luck.
Kerry Kerstetter
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