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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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