LLC vs S-Corp & Entity Choice
“I'm looking at LLC vs S-corp, what's the tax difference for me?”
The tax difference between an LLC and an S corporation often depends less on the label and more on how the business is taxed, how much profit it generates, and whether the owner takes compensation from the company. An LLC can be taxed in several ways, while an S corporation is a tax election with its own payroll and owner-pay considerations. The practical comparison usually turns on self-employment tax exposure, payroll setup, and how earnings are split between salary and distributions. State filing treatment and ownership structure can also affect the overall result. Walking the details through with a CPA is the fastest way to know what truly applies here.
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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