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LLC vs. Corporation: Comparison. What’s the distinction between an LLC and a company?

LLC vs. Corporation: Comparison. What’s the distinction between an LLC and a company?
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S Corporation Fees

The tax difference between an LLC and S Corp is a bit more nuanced if a business qualifies as an S Corporation. Both an LLC as well as an S Corp has flow-through taxation (no dual taxation). Remember that an LLC’s distribution of earnings are susceptible to a jobs income tax, whereas an S Corp’s dividends are not.

With careful preparation, a small company can avoid significant work taxes by electing to become an S Corp.
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