Is there a point where my LLC should become an S-corp for tax purposes?

Question

Kohari Gonzalez Oneyear & Brown · Accepted Answer

Whether an LLC is taxed as an S corporation often comes down to a mix of income level, payroll costs, and how much of the owner’s earnings are active business profit versus return on investment. The comparison also depends on whether the business has steady cash flow, multiple owners, and the cost a 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.