LLC vs Corp vs Both

It is important to talk to a CPA when trying to determine how to structure your business. There are benefits to both LLC and Corporate structures,

but different reporting requirements for each. An LLC provides some liability protection and ease of equity transfers. Corporations offer better protection, but requires business owners to pay themselves a regular and realistic salary instead of draws.

This is a couple basic differences between the two. Check out the article on the SBA.org website for more info! h https://www.sba.gov/blogs/should-my-company-be-llc-s-corp-or-both

As always, feel free to reach out if you have any questions about how this can affect your bookkeeping!