Ultimately, the right entity choice depends on the business’s goals, profit model, ownership structure, and tolerance for ...

If you operate a business where you're responsible for paying yourself, you'll probably have to choose between two business structures: a limited liability company (LLC) and an S corporation. These ...

Another distinction lies in flexibility. LLCs allow owners to reinvest profits or distribute income in a variety of ways, while S-Corps must distribute earnings based strictly on ownership percentage.

S-corporation owners may deduct home-office costs by reimbursing through the company. To benefit, expenses must be documented and done under fringe-benefit rules. Deductions are limited by the S ...

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