https://www.usatoday.com/money/blueprint/business/business-formation/llc-vs-s-corp/
This can be a pro for small business owners who want to restrict ownership. However, a fast-growing company may prefer the flexibility of C-corps and LLCs, as both permit unlimited members. S

https://www.forbes.com/advisor/business/llc-vs-s-corp/
LLC and S-corp: Basic Definitions. An LLC is a legal business structure while S corporation is a tax classification that's available to some small businesses. Both LLCs and corporations can

https://www.investopedia.com/articles/personal-finance/011216/s-corp-vs-llc-which-should-i-choose.asp
LLC vs. S Corp: An Overview . A limited liability company (LLC) is a type of business structure taxed like a partnership or sole proprietorship, where taxes are reported on the owners' personal

https://quickbooks.intuit.com/r/running-a-business/s-corp-vs-llc/
The main difference between S-corps and LLCs is that LLCs are generally more flexible than S-corps. For example, S-corps are limited to 100 shareholders, while LLCS can have an unlimited number of members. When you first start a business, you may not think about what type of business structure you need. That usually means, by default, you

https://www.legalzoom.com/articles/s-corp-vs-llc
As we explained above, an S corp is a tax classification, while an LLC is a business entity. This means an LLC can attain S corporation status if it meets certain criteria. However, LLCs and S corporations require different management and shareholder structures and have unique reporting requirements.

https://stripe.com/resources/more/s-corp-vs-llc
The biggest difference between S corporations and LLCs is how they are taxed. S corporations are taxed as pass-through entities, meaning that the profits and losses are passed through to the shareholders' personal tax returns, while LLCs can choose to be taxed as either a pass-through entity or a corporation. Ownership.

https://www.shopify.com/blog/llc-vs-s-corp
You have to choose who you want to be taxed. "An LLC can be taxed as a C corporation, which has a flat 21% federal corporate tax rate and enjoys additional tax deductions. Or, LLCs can be taxed as a pass-through business entity, like an S corporation. A pass-through entity files a tax return, but pays no tax itself.

https://www.fool.com/the-ascent/small-business/document-management/s-corp-vs-llc/
S corp vs. LLC: How taxes are treated. Both S corporations and LLCs are pass-through entities, which means profits pass directly from the business to the owners as personal income. This eliminates

https://www.bench.co/blog/tax-tips/s-corp-vs-llc
S corporation vs. LLC: An overview. When choosing between an S corporation and LLC, there's no one "best" choice for all small business owners. Both entity types offer personal liability protection to their owners, meaning personal assets are protected in the case of bad debt or legal action. ... However, before making an S corp election

https://www.wolterskluwer.com/en/expert-insights/s-corp-vs-llc-differences-and-benefits
Whether you're just starting a business or thinking of changing your business structure, a common first step is comparing the LLC vs. the S corporation. While a limited liability company and an S corporation share some characteristics, they also have distinct differences. Get familiar with each before deciding which might be right for you.

https://www.marketwatch.com/guides/business/llc-or-s-corp/
The main difference between an LLC and an S-corp is that an LLC is a type of business entity and an S-corp is a type of tax structure created by the IRS. This core distinction leads to other

https://tax.thomsonreuters.com/blog/s-corp-vs-c-corp-vs-llc-whats-the-difference-and-which-one-is-better-for-your-business/
The basic steps of creating an S corp are: Step 1: Choose a name for the business, and make sure no other business entities exist that are using the same name. Step 2: File articles of incorporation with the state, including the corporation's name, address, purpose, primary activities, and the owner's name.

https://fitsmallbusiness.com/llc-vs-s-corp-vs-c-corp/
The LLC is a low-maintenance legal entity that's best for a simple business. An S corporation is a tax status created so that business owners can save money on taxes. A C corporation is a more complicated legal entity that's best for businesses looking to keep profits in the business. Featured Partner.

https://www.fundera.com/blog/llc-vs-s-corp
There are detailed tax and structural differences between LLCs vs. S-corps. Many small business owners aim for the best of both worlds by registering their company as an LLC and electing S-corp tax status. This gives the business owner the legal and organizational benefits of an LLC, but the IRS treats the business as an S-corp for tax purposes.

https://xendoo.com/blog/llc-vs-s-corp/
The biggest differences between LLCs and S corps are ownership, taxes, and management structure. Here's a breakdown of each. LLC. S corp. Ownership. No restrictions on the number of members or their citizenship status. Must be 18 years or older. Limited to 100 shareholders who must be US citizens or resident aliens.

https://qa.execedonline.law.columbia.edu/blog/starting-a-business/s-corporation-vs-llc/
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 being used to pay the company

https://llcguys.com/business-guides/llc-vs-s-corp/
An LLC is a type of business structure, while an S Corp is a tax classification. The two are very different, and there are pros and cons to both, with differences including taxes to management structure. To make things even more confusing, in some cases a business can be both an LLC and an S Corp. This is because you are able to form an LLC and

https://www.goodfinancialcents.com/small-business-llc-vs-s-corp/
The obvious benefit is that a shareholder of an S-Corp can avoid double taxation of corporate and individual income tax. An S-Corp is a tax status, so an entity could technically be an LLC and an S-Corp in some cases. Not all corporations can qualify for S-Corp status. Here are the eligibility requirements:

https://www.createcultivate.com/blog/llc-vs-s-corp-which-one-is-best-for-small-business-owners
Taxes. The biggest difference between an LLC and an S Corp is how you're taxed. An LLC and S Corp are both pass-through entities. That means that all the profits from the business are passed on to the owner's tax return. Unlike a C Corp, which has to pay corporate taxes, your business doesn't pay any taxes. Instead, you, the owner, do.

https://www.maxfilings.com/incorporation-guide/s-corp-vs-llc/
The Case for S Corp. A corporation filed under subchapter 'S' of the Internal Revenue Code shares all these features listed along with a few important restrictions. Ultimately, an S corporation is a corporate business entity that is taxed like a partnership. Income passes through the corporate entity without the corporation itself being taxed.

https://wealthfactory.com/articles/s-corp-vs-llc/
2. Assess Your Business Needs. Before deciding between an S Corp and an LLC, it's crucial to evaluate your business needs and goals. This will help you determine which entity type is best suited for your company's growth, liability protection, and tax planning strategies. Consider the following factors when assessing your business needs

https://www.upflip.com/blog/s-corp-vs-llc
Some of the most important differences include: An LLC is a business entity. At the same time, an S-Corp is a tax filing status. An S-Corp treats business income differently than a default single-member LLC. An LLC provides more tax options than an S-Corp. LLCs have fewer compliance requirements.

https://www.biggerpockets.com/blog/s-corp-vs-series-llc
S Corp or Series LLC: Which Is Best for Your Business? | BiggerPockets. This quick guide will help you decide whether an S corp or series LLC is the best business structure for your real estate investment business.

https://www.usatoday.com/money/blueprint/business/business-formation/llc-vs-corporation/
C corp: Increased liability protection over an LLC. Owners can deduct a greater array of personal medical expenses, and it's the easiest structure to attract investors. S corp: Allows

https://qa.execedonline.law.columbia.edu/blog/starting-a-business/what-is-an-s-corp/
Though an LLC can elect to be taxed as an S corp and both business structures provide personal liability protection for the business owners, there are still notable differences. The biggest is that the federal government considers LLC owners self-employed, meaning they must follow self-employment regulations, including paying additional self

https://qa.execedonline.law.columbia.edu/blog/starting-a-business/s-corp-vs-c-corp/
How To Form an S Corp . To create an S corp, business owners generally do the following: Create an LLC (Limited Liability Corporation) or C corp. Check to see if their company qualifies for S corporation status. To qualify for S corporation status, a business owner's corporation must meet the following IRS requirements:

https://www.newsweek.com/vault/business-loans/how-to-get-an-llc-loan/
Types of LLC Loans. The type of LLC loan your business needs can vary based on several factors. Of course, the reason your business wants to borrow money plays a role in the type of financing you

https://qa.execedonline.law.columbia.edu/blog/starting-a-business/c-corp-versus-llc/
However, LLC members may elect to be taxed as a C corp by filing Form 8832 with the IRS. The business is then subject to the standard federal corporate tax in addition to any local and state corporate taxes. Why Should an LLC Choose to File as a C Corp. There are a few reasons LLC business owners may elect to be taxed as a C corp.

https://www.prnewswire.com/news-releases/first-horizon-named-to-the-forbes-americas-best-in-state-banks-2024-302180705.html
MEMPHIS, Tenn., June 25, 2024 /PRNewswire/ -- First Horizon Corp. (NYSE: FHN or "First Horizon") announced that First Horizon Bank has been recognized on the Forbes list of America's Best-in-State