Oak City Accounting Blog

Tax planning for Small Business

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What is the difference between an S corp and an LLC?

I own a small business and I am confused. Which would be best for my company? Here are some things to consider: LLCs can have an unlimited number of members; S corps can have no more than 100 shareholders (owners). Non-U.S. citizens/residents can be members of LLCs; S corps may not have non-U.S. citizens/residents as […]
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