LLC vs. S Corporation
I’m not a tax expert. Nonetheless, since I mentor so many women who are starting up small businesses, I get asked all of the time to explain more about the LLC vs S corporation issue. That is one of the first decisions you are going to face when trying to figure out how to incorporate.
You are looking for legal protection when you incorporate, but a small business is probably not going to want to deal with a lot of the fuss and red tape involved in traditional business building. Since choosing how to incorporate means choosing a tax classification, I am going to respectfully defer and recommend that you seek the advice of a tax attorney or tax specialist. It will be well worth any consult fee you may have to pay to get the best input for your unique business situation.
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