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This usually assumes a larger net income for the business - I believe when you are just starting out LLC makes the most sense then you can transits ion to S-Cor
by taf2 11y ago
This usually assumes a larger net income for the business - I believe when you are just starting out LLC makes the most sense then you can transits ion to S-Corp once renvues hit a few million
- tdfx 11y agoYou can incorporate as an LLC and elect to be taxed as an S-Corp.
- karmelapple 11y agoOne important point when doing this: you must do payroll. Depending on if you have no money coming in, or a small amount of money, it may not be worth it to do payroll... but that's only for the smallest of businesses.