Trying to determine which business entity makes the most sense LLC or S Corp?
I read recently that S corp shows all your profits and loses on your social, making it easier to avoid being double taxed. The LLC Limited Liability seperates the buisiness from the individual, if someone sues you for more then what your insurance will cover, they can only touch the company’s assets and your personal assets go untouched. If you havent already check out http://www.sba.gov/category/navigation-structure/counseling-training/onl…, it’s pretty interesting for those trying to start their own buisness.