Description
Forming A Business Understanding LLCs, S-Corps, & C-Corps Which one is right for your business? LLC An LLC is short for a Limited Liability Company. This is a legal entity that protects a person’s personal assets. An LLC is best for someone who is running a simple business or doing freelance work. When your earnings total out to be as much or less than you would be making at a company with similar wages, you choose an LLC because you don’t have the ability to save money on taxes S-Corp S-Corp is short for S Corporation. This is a tax
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