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Must Contain One of the Following Corporate Designations Corporation, Incorporated, Limited or Company, or  Form

Must Contain One of the Following Corporate Designations Corporation, Incorporated, Limited or Company, or Form

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how do you want your LLC to be taxed and no you can't say none we don't roll like that I'm talking about C Corp or S Corp with a C Corp the IRS taxes the business and then also taxes anything the business pays you yes taxed twice but a C Corp is good if you're looking for investors or if your company is extremely profitable if you can afford to keep profits from one year to the next you'll pay a smaller tax rate on it on the other hand escort means you get paid a salary out of which comes payroll taxes and then you get a distribution without payroll taxes if your LLC chooses to be taxed as an escorp you avoid the whole double taxation thing and you don't have to pay self-employment taxes but it does mean your business has to make enough to pay you a reasonable salary that might be a while if your LLC is brand new or if it's more of a side gig C Corp S Corp there's a whole pros and cons list to consider so check out our cor

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