What's the real tax difference between an LLC and an S-corp for me?

Question

Kohari Gonzalez Oneyear & Brown · Accepted Answer

The tax difference often comes down to how the business is taxed and how owner compensation is handled. An LLC can be taxed in different ways depending on its setup, while an S-corp is a tax election with its own payroll and reporting structure. The real comparison usually depends on profit level, w 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.