Insights

A business can be profitable and still lose valuable cash flow to unnecessary taxes, penalties, or an entity structure that no longer fits. That is why many owners eventually ask whether an LLC or an S corporation would be the better choice. The comparison is not as simple as “S corporations save more” or “LLCs are easier.” An LLC is a legal structure created under state law, while an S corporation is a federal tax classification. In many cases, a business can remain an LLC