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LLC vs. S Corporation: “What’s the Difference?”

According to the National Association of Small Business, LLCs and S-corporations are two of the most popular legal structures for small businesses, accounting for nearly two-thirds of small businesses started every year, in roughly the same proportion (35% and 33%, respectively). The choice between the two structures is highly dependent on the future goals for the business and can be a bit nuanced. The final choice will  have significant consequences for the business and its owners.

LLC or Corporation – Which is better for you?

Each legal structure – corporation and LLC - has characteristics that affect business owners differently at various stages of business growth. All businesses operate in a fluid economic environment where the only constant is change. An ideal business structure is agile enough to respond to new environments quickly with minimal stress on its owners, customers, and employees.

LLC or Partnership? Which Is Right For You?

Whenever there is more than one stakeholder in a business there has to be a way to govern the relationship between the various participants. There has to be a structure outlining the roles and responsibilities of the participants or the business will eventually fall apart. The larger the number of stakeholders there are the more imperative it is for there to be a structure that everyone understands and agrees with.

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