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What legal structure should I use for my home business?
By admin | October 7, 2009
I’ve been looking into various legal structures for my home business and I’m torn between an S-Corp and an LLC.
An LLC seems a lot simpler, but I like the idea of being able to convert my home business legal entity from an S-Corp to a C-Corp at some point as there seems to be potential tax benefits for doing so.
I understand that maintaining the S-Corp can be more complicated, but I’m wondering what advantages there are to an LLC over an S-Corp in the short-term and if those outweigh the potential benefits of being able to convert to a C-Corp later on.
Topics: Business | No Comments »