LLC vs. S-Corp: Which Entity Saves More Tax?
The S-Corp election can save thousands in self-employment tax — but only above a certain profit threshold.
An LLC is a legal entity. An S-Corp is a tax election. You can have an LLC taxed as a sole proprietorship, partnership, C-Corp, or S-Corp. The S-Corp election saves money by splitting your income between W-2 wages and distributions — only the wages are subject to self-employment tax.
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