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General guide

LLC vs S corp

An S corp is a tax choice, not a business structure. An LLC can elect to be taxed as an S corp.

1

How to choose

The LLC files an election with the IRS.

2

What changes

The owners who work in the business are paid wages and payroll taxes apply.

3

Who decides

A tax professional can tell you if it fits your business.

Next

Find your state

Each state guide shows the filing fee, the form and what you owe each year.