What is the name of your state? Florida
Please can someone give me advice here. I am starting a business (in Florida) and want to know what would be the most financially advantageous when comparing an S corp to an LLC. I have no concern about shares and shareholders and numbers of employees. There is just me, and only ever will be. I don't forsee any great earnings, and am opening a business just so that I can do business as a subcontractor and be able to make as many tax deductions as possible. This is a part time venture for me, and it will stay small with me being the sole owner/manager/ employee.
I am getting confused with all I am reading, please help. I just want to keep this small and don't want to be paying any unnecessary taxes if I make the wrong choice.
Thank you.....
Please can someone give me advice here. I am starting a business (in Florida) and want to know what would be the most financially advantageous when comparing an S corp to an LLC. I have no concern about shares and shareholders and numbers of employees. There is just me, and only ever will be. I don't forsee any great earnings, and am opening a business just so that I can do business as a subcontractor and be able to make as many tax deductions as possible. This is a part time venture for me, and it will stay small with me being the sole owner/manager/ employee.
I am getting confused with all I am reading, please help. I just want to keep this small and don't want to be paying any unnecessary taxes if I make the wrong choice.
Thank you.....