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re: S-Corp Election
Posted on 1/25/13 at 11:57 am to ColdDuck
Posted on 1/25/13 at 11:57 am to ColdDuck
S-Corp is the tax savings for you and your business. Members of an LLC are subject to employment tax on the entire net income of the business. While only the wages of the S-Corp shareholder who is an employee are subject to employment tax. The remaining income is paid to the owner as a 'distribution' which is taxed at a lower rate if at all!
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