How do taxes work differently for me in an LLC vs an S-corp?

Question

Kohari Gonzalez Oneyear & Brown · Accepted Answer

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 t For an answer applied to your exact numbers, bring this question to a licensed KGOB CPA in a focused session and leave with a clear next step.