Publisher's Synopsis
The "LLC, S-Corp, or C-Corp" question is one of essential importance:
Make the right decision, and you'll be paying less tax; you'll know your personal assets are protected from lawsuits against your business; and you might even save yourself some money on accounting and legal fees.
Make the wrong decision, and you'll be paying an unnecessary amount of tax; you'll be wasting money on legal bills; and you'll be only a lawsuit away from losing your home and other personal assets.
Find the following, explained in plain-English with no legal jargon:
- The basics of sole proprietorship, partnership, LLC, S-Corp, and C-Corp taxation.
- How to protect your personal assets from lawsuits against your business.
- When the protection offered by an LLC will work. (And more importantly, when it will not!)
- Which business structures could reduce your federal income tax or self-employment tax.
