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It really depends on you (your personal situation) and where you think your business will be long term. Both have benefits and both have draw backs.1 of 1 people found this helpful
Start with the SBA's site on this matter: http://www.sba.gov/smallbusinessplanner/start/chooseastructure/index.html
Business Junkie .org
LLC or S corp, Who r u?? Go to Members page and share some info.
Everybody in business should have an accountant
Why not chose a combination - LLC that is taxed as S Corp :o)? Get some advice from a tax pro... Unfortunately this forum is not designed for this type of question.
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I am interested to hear all the information that ANYONE has to offer. Currently looking to start our very own race company, which will only employee four people. (Hopefully many more one day!) I am new at this and have never stared a company before. I have done a little research and see that S corp. is "Cheaper" and I also see that the LLC could be very useful. Please Please.. Can someone help? I think I am a little turned around....