If you’re confused by the difference between LLCs and S Corps, this article is for you! Here, we clarify the difference and provide guidance on which option is best for you. Before we get to the best qualification for your small business regarding tax filing, let’s define an LLC and an S Corp so that we know what each designation means. What is an LLC? An LLC is a limited liability company. It is a legal designation. The owner is protected from personal liability regarding business activities … [Read more...] about LLC vs. S Corp: Which is Best for Tax Purposes