I have spoken with new business owners about what business structures are, the various types of them, and what the benefits of choosing one over the other are.
This is a fantastic article discussing LLC’s, and S-Corp’s and the differences between the two. It’s in fact a common misconception that an S-Corp is a business structure in itself, when it is actually a designator on how a business can be taxed.
Of course, I always recommend to business owners that they consult with an attorney before forming their legal entity with the state.
