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be careful, with an LLC you will be responsible for paying 15.3% more taxes than an S-Corp. The S-Corp is the only one that reduces employment tax liabilities.
by kls 16y ago
be careful, with an LLC you will be responsible for paying 15.3% more taxes than an S-Corp. The S-Corp is the only one that reduces employment tax liabilities. As well, if you ever think that you will entertain bringing on investors you will have to form a S or C and buy out the LLC.
- applesnaps 16y agoAh, interesting. I assume that this is the only major difference between S-Corps and LLCs? I hadn't even heard of them until you mentioned, I'll look into it further.