LLC as a Partnership or as a S corporation?
by Lee M., Window Shopper
- Created: June 11, 2013, 11:00 pm
- Updated: June 11, 2013, 11:00 pm
Would someone be able to break down the pros and cons of filing for taxes underneath a partnership or an S corporation with the following facts? Current LLC, partnership, technological consultancy, home based Husband and Wife, each has 50% No employees For hypothetical sake (and ease of numbers), let's say we make $100,000 for the year of 2013. What would be the amount of money in federal taxes would we be required to pay for either scenario? Also, can anyone easily identify which one we would come out ahead with?
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