Sunday, October 30, 2011

How to file your business as an LLC, S-corp, C-corp?

You've decided to incorporate your business but now you need to know your options? First you should know that LLC stands for (limited liability corporation) and S corp refers to S corporation which is named after the subsection S of Chapter 1 of the Internal Revenue Code.

It is often difficult for businesses to choose between the two because of there similarities and differences or even choosing to be a C corporation (publicly-held companies). It is also important to remember that each state may have different rules that can also effect your decision in determining which option is best for your company. To get a better comparison and understanding of the two Click Here.