Nancy Fallon-Houle explains some of the consequences and important factors pertaining to the decision between an LLC and S corporation in this article. Factors include cost (corporations are cheaper), types of investors, and tax considerations. She advises counselling with a good business accountant prior to making the decision, as the tax consequences of the decision tend to outweigh the corporate law ones.
- Summary by FizzLaw Team
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LLC vs S Corp Corporate Law Legal and Brief Tax Issues