As a new entrepreneur, it can be difficult to know where to begin. When starting a business, it's important to know which business type will be the best for your new endeavor. Often the question comes up, should I form an LLC or and S Corporation and what's the difference between them? So let's break it down...
An LLC (Limited Liability Company) and an S Corporation (S Corp) are two types of business structures that offer liability protection to their owners. However, there are several differences between the two.