What Is S Corporation vs. LLC? Exploring Definitions and Pros & Cons
A limited liability company (LLC) is a type of business entity formed as a private company in the United States. An S corporation (or S corp) is a corporation that elects to be taxed as a pass-through entity (the business does not pay income tax at the entity level; the owners do). While they are different, they have some similarities. Both protect the owners from… Read More »What Is S Corporation vs. LLC? Exploring Definitions and Pros & Cons