View Full Version : LLC taxed as C-corp vs C-corp

02-17-2014, 09:50 AM
I have a LLC planning to be taxed as a C-Corp. What's the difference between LLC-taxed-as-C-corp and C-corp?

02-18-2014, 11:03 AM
You can read a lot about the different options of taxing LLC's on this website: http://mashable.com/2012/03/31/tax-llc/
They also describe the advantages and disadvantages of taxing an LLC as a C-corp (and even S-corp).
I hope it helps you understand some of the possibilities.

Michael Thompson
06-05-2014, 10:38 AM
I think you are looking for C-corp vs s-corp ?
S-Corporations have the ability to provide some tax savings as a result of the fact that profits from an S-Corp are not subject to self-employment tax but C-corporations are taxable entities. This means that the corporation itself is taxed on its income (as opposed to other structures which simply pass the income along to the owner(s), who are then taxed on it).

06-19-2015, 06:12 PM
I suggest the s corp route for tax savings.

Wyoming Registered Agent
01-29-2017, 09:40 AM
When choosing, make sure you have the right state in mind. Some states do not have S Corps but you can classify it as a C Corp through the IRS. Like in Wyoming for example where a multitude of people go to for new business start ups. You can get free mail forwarding here: https://freewyomingmailforwarding.com

01-07-2019, 01:30 AM
Usually, businesses select the tax form that will yield the lowest taxes. The personal tax rate (for sole proprietorships and partnerships) at the high end of the tax tables is higher than the highest corporate rate, so if your total taxable income (aka adjusted gross income), including your LLC net income, is very high, you might want to remove your business from being included in your personal taxes. Having the LLC taxed as a corporation does this. The main advantage of having an LLC taxed as a corporation is the benefit to the owner of not having to take all of the business income on your personal tax return.

Mobile Mechanic
05-21-2020, 02:01 AM
Thanks for making the resources so easy to find and understand

03-17-2021, 01:44 AM
thanks for sharing with us