The LLC, S-Corp, or C-Corp question is one of essential importance: Make the right decision, and you'll be paying less tax; you'll know your personal assets are protected from lawsuits against your business; and you might even save yourself some money on accounting and legal fees.
Make the wrong decision, and you'll be paying an unnecessary amount of tax; you'll be wasting money on legal bills; and you'll be only a lawsuit away from losing your home and other personal assets.
Find the following, explained in plain-English with no legal jargon: The basics of sole proprietorship, partnership, LLC, S-Corp, and C-Corp taxation.
How to protect your personal assets from lawsuits against your business.
When the protection offered by an LLC will work.
(And more importantly, when it will not ) Which business structures could reduce your federal income tax or self-employment tax.
| Importance | Make the right decision and youll be paying less tax |
|---|---|
| Find the following, explained in plain-english with no legal jargon | The basics of sole proprietorship partnership |
Simple Subjects Llc vs. s-corp vs. c-corp: explained in 100 pages or less, paperback/mike piper
