Do You Need an LLC or S Corp?



So you've started a business and you're not sure if you should structure your business as an LLC or an S-Corp??

I get this question so much. There are a few things to keep in mind to help you understand the difference between the two:

  • An LLC is a legal entity, while S-Corporation is a tax structure

  • When determining if your business should be an LLC, consult with a lawyer to make sure you cover all bases

  • When determining if your business should elect to be taxed as an S-Corp, consult with a tax professional before making the change

Need help deciding on your tax structure? We're here for you! Schedule your free 15-minute strategy session with me ---> linktr.ee/jeanetteandrada


ADDITIONAL RESOURCES:


> Learn How to Pay Yourself When You Own a Private Practice

> Simple Practice Reports You Should Be Reviewing

> Should Your Private Practice Become an S-Corp


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