What's the tax impact of choosing an LLC over an S-corp for my business?

Question

Kohari Gonzalez Oneyear & Brown · Accepted Answer

Choosing between an LLC and an S-corp can affect how business income is reported, how owner pay is treated, and how payroll and recordkeeping are handled. In many cases, the tax impact depends on whether the business has active profit, how much of the owner’s compensation is tied to services, and ho 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.