LLC vs S Corp California

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 sam@mollaeilaw.com 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 Taxes Before you can address these things, it is important to take a step back and look at the bigger picture. How many owners (or members) a business has …