For some businesses, electing to be taxed as an S corp may create tax savings; but state rules about S corp status vary, so make sure to do your local research. What are the disadvantages of an LLC? There are some drawbacks to choosing an LLC as your business entity: There are excepti...
If not, we recommend choosing your home state to create and register your LLC. However, it’s important to understand your options before making this decision because not every state has the same rules and required fees when forming an LLC. This is important to be aware of when decision-...
For some businesses, electing to be taxed as an S corp may create tax savings; but state rules about S corp status vary, so make sure to do your local research. What are the disadvantages of an LLC? There are some drawbacks to choosing an LLC as your business entity: There are excepti...