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system
i am the sole owner of an llc. does it make a difference if i file as an s-corp or a sole-member llc?
user
s-corp are taxed very different. unlike llc where you just add the profit to your income with s-corp you have to pay yourself a "reasonable" salary (on w-2) which of course is a lot more paperwork. i think the advantage (but don't hold me accountable for this) is if your s-corp makes a lot more than a reasonable salary, then the rest of the money can be passed through on your personal return at a lower (corp) rate.
assistant