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Submitted 377 days ago...

RunnerGuy

Contributor (176)

What is the difference between a LLC and S-corp?

Or even a sole proprietorship? I'm thinking about a starting a business and I'm not sure what kind of business is right for me.

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Submitted 376 days ago...

marcopolo

Beginner (23)

LLC's are easier to operate as they provide flexibility. Plus, doing your taxes is easier with an LLC as you do it once a year. An advantage of S Corps is that you might pay lower employment taxes (assuming you hire employees) -- but, you'll have more time consuming paperwork. The best advice is to consult with a CPA as everyone's situation is a little different.

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