LLC , S-Corporation . C-corporation

Q : I own a business as a sole proprietor and am thinking about changing it to a corporation. My purpose in doing this is; 1. personal liability protection against any lawsuits 2. separation between business and personal assets 3. want to show all revenue under the corporation and only show paycheck to me personal. Q1: Is this the best route to go based on my needs? Q2: What is the difference between a "S Corp" and a "LLC"? Q3: What is the best way for me to file on-line? Thank you,

A : LLCs (Limited Liability Companies) are recommended for Real Estate Businesses. S-corporation is not a business structure, it is a tax structure, like how do you want to file your taxes. LLC can also be taxed as an S-Corporation. For trading businesses you can go for a regular C-corporationand file an election for an S-Corporation for the tax purposes.

You can either use the following link to register an S-Corporation or can be called at 516.8222.3100 to discuss in person.

http://www.infotaxsquare.com/what-is-s-corporation.html

Please use following link to see more our services.

http://infotaxsquare.com/e-book/book-view.php

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