LLC vs. S-Corp
 

Pro's Cons of each. Which is better suited for what type of person?

thanks Ice

the taxes on the S-Corp are inviting...but the stricter rules deter me.

Seems like everyone on the net uses the same old tired article.

I've been looking for a read like that, good one too... thanks :thumbsup

Too late in the week for a business thread....I understand :(

I have one of each.

S-Corps are typically of the sole-proprietor variety of entities and LLC's are advantageous as partnerships. And, for me, the only reason I have the LLC is because my partner is a foreigner. You can't have share holders who are not US citizens or resident aliens with an S-Corp.

Taxation wise, S-Corp is a better deal than an LLC, for me at least.

Now, go get an accountant as your circumstances are unique, no matter what you think.

Bingo.

8char

which one is better for asset protection? in case of lawsuits etc