Whether or not you decide to pay yourself using an LLC or S Corp depends on your business needs and goals and your unique tax ...

An S-Corporation (or "S-Corp") is quite similar to an LLC in that it offers a federal tax status that enables companies to "pass through" their taxable income or losses to owners/investors in the ...

The key phrase is “by default," because an LLC can choose to be taxed as an S-corp or C-corp. If an LLC selects an S-corp designation, it may save money on Social Security taxes and Medicare. By ...

The potential advantages of electing for S Corporation tax treatment are a bit different for LLCs and corporations. Learn the basics of both business structures and how an S Corp election affects ...

A limited liability company (LLC) limits the potential for its members to be personally liable for the LLC's business debts. It features pass-through taxation.

However, one snag that many people come across when they begin developing a side hustle is the question of how to handle your taxes. In a traditional full-time job, you're typically given a W-2 ...

Limited Liability Corporations (or LLCs) are very attractive to the early stage startup. Not only do they prevent double taxation but they're also easy to start.