Keep More of Your Hard-Earned Cash When You Elect S-Corporation Status for Your LLC
Many entrepreneurs and small business owners start out as limited liability companies (LLCs) because of the ease of formation and liability protection. With a single member, tax filing is easy – just fill out Schedule C on your tax return with your income and expenses. But as your business grows, electing S-corporation status can save you on taxes. When you file as a sole proprietor on Schedule C, you pay… Read more