LLC vs S-Corp & Entity Choice
“What would my tax situation look like with an LLC compared to an S-corp?”
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 many cases, the answer also depends on whether the business has steady profit, multiple owners, and how much administrative formality the owner is willing to maintain. State filing requirements and the way the entity is registered can also shape the overall outcome. A short conversation with a CPA can sort out what applies to your specific numbers.
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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