The choice between an LLC and an S Corp for self-employment depends on factors such as your business goals, tax implications, and risk management. An LLC offers flexibility in management and taxation, while an S Corp may provide tax advantages for paying yourself a reasonable salary and taking the rest of your earnings as distributions. Consulting with a tax advisor or legal professional can help you determine the best option for your specific situation.
Of course they can.
Members of a partnership. First member is sole owner llc, 2nd member is an S-Corp owned by the same person that owns the llc. Will this meet the requirements of a partnership?
Limited Partnership, LLC, and Incorporation (S-corp; C-corp) form a business.
Walter Investment Management Corp
An LLC can elect how it will be taxed, as a Corp or Partnership...and of course the forms follow.
A LLC cannot distribute any shares. The LLC would have to change its legal structure to a C or S corp. Trying looking for HNHID
It is based in Cranbury, New Jersey.
Yes, of course,
Sole-proprietor, C-Corp, LLC
Yes, yes, yes. Tax issues get fun when consolidating between entity types. The answer is too long to type. Pay a CPA.
Tax benefits, always a welcome subject, are similar whether you have an LLC (limited liability company) or have elected S corp treatment for your corporation.
Yes, a LLC, that is, a LLC that is member of a LLC, could theoretically make a distribution to its parent LLC. Although, where member(s) of the LLC that is a member of the "parent" LLC are also member(s) of the parent LLC violate certain imputed fiduciary duties, the potential arises for unlawful self-dealing to occur.