Anyone starting a new business is faced with a lot of decisions. Arguably the most important is choosing the business entity type and tax status. Entrepreneurs have many options to choose from, including S-Corps, LLCs, C-Corps, and sole proprietorships.
Each type of business has its benefits and limitations. An S-Corp is unique because it is technically a tax designation, which can be used by LLCs and Corporations. This blog will discuss the benefits of an S-Corp.