3 Major Benefits of Structuring Your Business As An LLC or S Corporation
One of the smartest moves you can make as an entrepreneur is to structure your business as a limited liability company (LLC) or an S Corporation. You’re probably aware that both LLCs and corporations can protect your personal assets from debts and lawsuits incurred by your business, but they also offer other key benefits that you might not know about.
Indeed, these entities blend certain positive aspects of a sole proprietorship, partnership, and corporation, without some of the drawbacks of such organizations. What’s more, the Tax Cuts and Jobs Act (TCJA), offers many LLCs and S Corps an entirely new tax-savings deduction, which when combined with the other...
