Denise Townsend
⋅
Plano , TX
U.S. Army,
Specialist
⋅
5
years served
Can anyone provide a good explanation of the two? Which has better tax benefits LLC or S-Corporation?
Answers
Rita
Silic
⋅
Springfield , MO
Reflexology by Rita
⋅
17
years experience
Hi, Denise,
I follow explicitly the information, training and advice of Ron Mueller who has https://www.homebusinesstaxsavings.com/
His site can help clarify what would work best for you as a small business owner.
Sam
Hoffman
⋅
Roslyn Heights , NY
NYC Dept of Education
⋅
10
years experience
S Corp makes it easier to hire employees, but if you will be by yourself you would probably do better with an LLC
Denise
Townsend
⋅
Plano , TX
U.S. Army,
Specialist
⋅
5
years served
I went to Dave Ramsey's site and he suggests:
S-Corporation for small businesses mainly for liability reasons and payroll tax benefits.
Denise
Townsend
⋅
Plano , TX
U.S. Army,
Specialist
⋅
5
years served
Thank you Sam!
Denise
Townsend
⋅
Plano , TX
U.S. Army,
Specialist
⋅
5
years served
Hi Rita, after browsing the site, most of the information is at a cost.
I was looking for a simple read that explains the s-corp tax benefits.
Thank you for your response.
Your Answer
Pleaselog into answer this question.
Sign Up
You can join as either a Veteran, Advisor or a Spouse.
An Advisor already has a career, with or without military experience, and is willing to engage with and help veterans.
Sign Up as an Advisor.
A Veteran has military experience and is seeking a new career, or assistance with life after service.
Sign Up as a Veteran.
A Spouse is married to a current or former service member and is seeking career advice.
Sign Up as a Spouse.