What is the difference between a corporation and an LLC 2024?
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Studied at the University of California, Los Angeles, Lives in Los Angeles, CA, USA.
Corporation characteristics. When evaluating types of corporations, many business owners consider taxation to be the most noteworthy difference between S corporations and C corporations. In a nutshell, an S corp is a --pass-through-- tax entity, like the LLC. In contrast, C corps are taxed as separate entities.
2023-05-16 00:38:44
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Felix Patel
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Corporation characteristics. When evaluating types of corporations, many business owners consider taxation to be the most noteworthy difference between S corporations and C corporations. In a nutshell, an S corp is a --pass-through-- tax entity, like the LLC. In contrast, C corps are taxed as separate entities.