Call Us Now: +1 (877) 330-2677 Live Chat: ONLINE NOW   

Difference between an S corporation and a LLC

Asked by: Marcia - 24 June, 2012 What's the difference between an LLC and an S corporation?
Answered by: Ray Albert - 28 June, 2012 Marcia,

An LLC is an entity type like a partnership or a sole-proprietorship. An S-Corp is similar to the LLC as a pass-through entity, and has specific employment tax benefits. LLC's are more flexible, and may elect to be taxed as an S-Corp. In your specific case, it's always recommended to consult an accountant with your business plans.

You can research each entity's details through our learning center, which has an efficient detailed article titled 'Choosing Business Entity' that I believe you will find very helpful.

Additionally, you can also view a table of the major points between the different entities by clicking the article 'LLC vs. Corporation'.


We Want To Connect With You!

Social Media is increasingly the preferred method for businesses to connect with their clients, peers and customers. We are dedicated to share information and useful tools to help you grow your business.

Like us on Facebook, follow us on Twitter, and let's begin the exchange to Help Grow America One Business at a Time - starting with yours!