As a new business owner in the state of California, one of the biggest decisions you will make is whether you want to form an S Corporation or a Limited Liability Company.
Both LLC and S Corp will provide you with personal asset protection, tax advantages, and several other benefits. But each business entity does have a lot of key differences as well.
While I highly recommend contacting an experienced business attorney such as myself at firstname.lastname@example.org to help you when you decide to establish a new business, I’m hoping this article highlights some key information to make the selection process a little easier on you.
What to Consider When Selecting Your Business Entity
Trying to sort out how an LLC differs from an S Corp is confusing and overwhelming. Fortunately, there is a solution to that problem.
You just need to focus on these key areas:
- Personal liability protection
Before you can address these things, it is important to take a step back and look at the bigger picture.