by Stuart Ridgway, Original Music for Film and Television
This article is a reprint of the one I published April 30, 2009 on the Business.gov online community. Some of the laws may have changed since then 😉
Of the many business entities that owners consider, Limited Liability Companies (LLCs) and Subchapter S Corporations (S-Corps) are two of the most popular. Although they share the distinction of being “pass-through” entities in addition to providing liability protection, they do have several differences. An owner must also consider operational ease, administrative requirements, profit-sharing and employment tax implications.
Before choosing one or both of these options, determine which features are most important to you and your company. The needs of every business are different so it’s worth an hour or two with a knowledgeable attorney to investigate all of the issues that will affect it. Continue reading