I have read that as a corporation you basically get Double taxed, it seems like you would have rto pay youself out a certain amount as the owner. But because a LLC is the newest entity, it doesn't look like there is tax structure created for LLC's yet. So you have to decide to be taxed as a S Corp, C Corp, or Partnership. If your business is not a partnership though, then you're forced to be taxed as a corporation, meaning Double Taxed.
I'm trying to figure out which would be better for my company. We hire subcontractors, not employees (if that matters).
I appreciate any insight please!!
I'm trying to figure out which would be better for my company. We hire subcontractors, not employees (if that matters).
I appreciate any insight please!!
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