Two of the most popular legal structures for small businesses are the LLC (Limited Liability Company) and the S corporation. Many small business owners have struggled over which is best for them. However, you may not realize that the two aren’t mutually exclusive. It’s possible to have your cake and eat it too by forming an LLC and then electing S corporation status.
Image: http://www.freedigitalphotos.net
To read the original article: Should Your LLC Elect S Corp Status?
