Should You Incorporate? Tax Implications of LLC vs. S-Corp

Should You Incorporate? Tax Implications of LLC vs. S-Corp

Choosing the right business structure is one of the most important decisions you'll make as a small business owner. Two popular options—Limited Liability Company (LLC) and S Corporation (S-Corp)—offer legal protection and tax benefits, but they differ significantly in how they’re taxed and managed. Let’s break down the key differences and tax implications so you can decide what’s best for your business.