Starting a business? There are a multitude of options available to entrepreneurs when considering entity selection. Two of the most common types are Limited Liability Companies (LLCs) and S-Corporations. While discussing the pros and cons of each is outside of the scope of this article, if you have already started an LLC, the following discusses some of the benefits of converting from an LLC to an S-Corp.
First, why would one want to convert? Self-Employment (SE) taxes. …
