Business owners consistently wonder which legal structure is correct for their business, financial situation and taxes. It may be that they are looking to avoid the “double taxation” conundrum or reduce self-employment and payroll taxes. The issue of double taxation is a key factor when deciding on a business structure, however, there are other tax implications involved when analyzing the choices.
The good folks at Small Business Trends have put together a great article that encompasses health care deductions, retirement plans, fringe benefits, employee education and corporation losses. They provide excellent information that will allow you to better decide whether to operate as a C Corporation, an S Corporation or an LLC.
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