LLC vs S-Corp

May 01, 2014
Carlos Quintana

LLC vs S-Corp

I get this question asked in a daily basis. This is so important to know and people are very confused about it. What is the difference between an LLC and a S-Corp? Well they cannot be compared, since the LLC is a State Entity and the S-Corp is an election before the IRS to be taxed certain way.

In this video I explain what the different types of entities are, such as General Corporations, LLCs, Non-Profit Public Benefit Corporation, and more, which then can send the election to the IRS to be taxed certain way.

 

 

Here bellow is a chart for you to picture this better:

QUINT TAX SERVICES, TAX ELECTIONS, LLC VS SCORP

Learn more about QUINT BUSINESS ACADEMY

 

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