LLC vs S-Corp & Entity Choice
“How do taxes work differently for me in an LLC vs an S-corp?”
The tax treatment of an LLC versus an S-corp often depends more on how the business is set up and operated than on the label alone. An LLC is commonly taxed in a way that follows the owner’s personal return, while an S-corp usually involves a separate business return and owner compensation that is treated differently from profit distributions. The practical result can vary based on owner pay, business profit, payroll handling, and how records are kept. State filings, self-employment tax exposure, and whether there are one or multiple owners can also shape the comparison. A focused session can map this against your actual situation in plain English.
In your 60-minute session, the KGOB advisor handling it will:
- Read your exact situation and tell you, in plain English, what’s actually going on.
- Lay out your options and the trade-offs — no jargon, no judgment.
- Give you a clear next step you can act on, whether that’s with us or on your own.
“As a freelancer in Alabama, should I form an LLC or elect S-corp?”
“As a freelancer in Alaska, should I form an LLC or elect S-corp?”
“As a freelancer in Arizona, should I form an LLC or elect S-corp?”
“As a freelancer in Arkansas, should I form an LLC or elect S-corp?”
“I formed a single-member LLC but forgot to get an EIN, can I just use my Social Security number on my Schedule C without issues?”
“I am transitioning my W-2 income into a consulting business, does electing S-Corp status actually lower my self-employment tax?”
This page is a prompt to start a conversation, not tax or legal advice, and states no tax-law specifics as fact. A consult session does not by itself create an ongoing engagement. We do not promise specific outcomes or savings. Kohari Gonzalez Oneyear & Brown PLLC — Charlotte, NC.
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