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Ready. Set. Incorporate! https://www.readysetincorporate.com/faq-items/is-there-more-paperwork-with-an-s-corporation-than-say-with-an-llc/ Export date: Mon Apr 29 4:46:55 2024 / +0000 GMT |
Is there more paperwork with an S Corporation than, say, with an LLC?The answer in most situations is going to be yes. One of the virtues of an LLC 1 is its simplicity. Once you choose to form your business as a corporation 2 (and then an S Corporation 3), or to have your LLC elect to be taxed as an S Corporation, costs for tax returns, payroll, corporate state compliance paperwork, and other accounting items get triggered. You'll need to balance the benefits of an S Corporation against the ease of use that comes with an LLC. |
| Excerpt: The answer in most situations is going to be yes. One of the virtues of an LLC is its simplicity. Once you choose to form your business as a corporation (and then an S Corporation), or to have your LLC elect to be taxed as an S Corporation, costs for tax returns, payroll, corporate state compliance paperwork, and other accounting items get triggered. You'll need to balance the benefits of an S Corporation against the ease of use that comes with an LLC. |
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Post date: 2016-03-05 14:21:07 Post date GMT: 2016-03-05 22:21:07 Post modified date: 2016-03-05 14:21:07 Post modified date GMT: 2016-03-05 22:21:07 |
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