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The Difference Between an LLC and a Subchapter S Corporation

Posted in Tax News on November 17, 2011

Startup businesses are often considering either a Limited Liability Company (“LLC”) or a Subchapter S Corporation. Here are the differences:

Tagged with: Connecticut, CT, Department of Labor, Department of Revenue Services, Elect Sub S, Employees, Estimated Taxes, Form 1065, Form 1120S, Form 2553, Form W-2, Income Tax, Limited Liability Company, LLC, Losses, Members, Partners, Partnership, Profit, Schedule K-1, Secretary of State, Shareholders, Single Member LLC, Startup, Startup Business, Stockholder, Stockholders, Sub S Election, Subchapter S, Subchapter S Corporation, Subchapter S Election, Tax Withholding

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Borgida & Company, P.C. | Manchester, CT 860.646.2465 • Niantic, CT 860.739.5459 • Storrs, CT 860.429.7885

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Latest News

15th Annual MACC FOOD DRIVE Proudly Completed
NOW OPEN: New Grant Money for CT Small Businesses
THANK YOU VETERANS – see message here >>>
The SBA & TD release simplified loan forgiveness application
Filing Your Personal Property Declaration in Connecticut

Categories

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