The Fundamental Difference: Legal Structure vs. Tax Election
LLC vs S Corporation: Weighing the Financial and Operational Impact
The Profit-Splitting Advantage vs. The Compliance Trade-off
Unlike the flexible LLC, an S Corporation forces you into the role of a formal employer (even if you are the only employee). You must run legitimate payroll, withhold federal taxes, and adhere to rigid ownership rules, such as having no more than 100 allowable shareholders and issuing only one class of stock. As outlined by the
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