Thread: LLC vs. S-Corp
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Old 12th July 2006, 01:35 PM
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LLC vs. S-Corp

Anybody have knowledge of what the best choice would be for a Online Business, Or something completly different ?


Some quick things i have found about the two below :

With an LLC you must pay self-employment tax on every dollar of net income plus personal income tax.

With an S-corp you can have your accountant set up a situation where you are taking some of the profit as a salary for which payroll taxes are paid. However the advantage is you can also take income as a distribution where no self employment taxes are paid.
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