What would my tax situation look like with an LLC compared to an S-corp?

Question

Kohari Gonzalez Oneyear & Brown · Accepted Answer

An LLC and an S-corp can create very different tax pictures, even though both are business structures. The comparison often turns on how income is reported, whether owner pay is treated as wages or as pass-through profit, and how payroll, self-employment tax, and recordkeeping fit into the setup. In 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.