Business entity type and tax structure impact your organization’s finance and compliance requirements. Two popular choices are limited liability companies (LLCs) and S-corps. Although the arrangements ...

Jessica Gibson is a content update editor and writer for Investopedia. She has over 10 years of experience in digital publishing and three years of experience covering financial topics like insurance, ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. If you’re looking to switch your business from an LLC to an S corporation, the first thing ...

Fear not. Let’s go step by step on the questions which will help you navigate this decision. To start, an S corp is merely a tax or accounting election for an LLC. So that simplifies the decision down ...

Question: I have been in business for four years operating as a sole proprietorship filing on Schedule C of Form 1040. I have been debating switching to an S corporation. Can you please compare the ...