title>Tax Guru-Ker$tetter Letter Wizard Animation

                 

Tax Guru-Ker$tetter Letter
Friday, May 05, 2006
 
LLC vs S Corp

 

Q:

Subject: LLC vs S-Corp

Kerry,

You raised some interesting points to consider when choose b/t a S-corp and C-corp. I wanted know what you thought the important points to consider when choosing b/t a S-corp and a LLC taxed as a partnership (besides the fringe benefits).

Thanks again for your input.


A:

Listing all of the distinguishing factors of LLCs and S corps isn't the way to approach this.  What you and the business's other owners need to do is all meet with a qualified professional tax advisor, who should ask you a ton of questions related to the business goals, before mutually working out what would be the best entity for that particular business venture.

Good luck.

Kerry Kerstetter

 


- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 5/05/2006 03:01:00 PM Send this post:

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