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S Corp vs LLC: What is the Difference?

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Forming an LLC structure is the next logical step for many general partnerships and sole proprietors. It formalizes their business and provides limited liability, protecting their assets from litigation and debt. 

But there are cases when starting a business that an LLC isn`t the right choice; that`s when an S corp comes into play.

Your structure choice depends on your funding needs, business income, and future goals. 

And as you need to form an LLC to get S corp designation, it`s a safe decision. 

Hi, I`m a business and marketing writer living the digital nomad lifestyle between Spain and Italy for over three years now. 

 


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