Many business owners structure their companies as limited liability companies (LLCs) or S-corporations. On the surface there are several similarities. Both types of entities avoid corporate income tax. Instead, business income is passed out and taxed only once on the tax returns of LLC members or S-corporation shareholders. Moreover, both LLC members and S-corporation shareholders […]
On March 31, 2016, my article on limited liability company (LLC) formation was published by BIZ.Magazine. The article, Looking to Fly Solo? Consider forming an LLC, is featured in the April 2016 edition of the local publication’s print copy (on page 6), and it is posted online at www.bizmagsb.com. Here is a link to the […]
Here is a link to a great article covering the complicated topic of limited liability companies electing S-Corporation status. In addition, I am providing links to several other articles and blog posts on the subject of “S-Corporation SE Avoidance” as follows: Forbes, S-Corporation SE Avoidance Still A Solid Strategy, 8/25/2013 TurboTax, How an S-Corp. Can […]
