Understanding how an LLC can be taxed as an S Corp can offer significant tax advantages to business owners looking to maximize their profits. This setup combines the flexibility of an LLC with the tax benefits of an S Corp, potentially reducing your self-employment taxes. However, it's crucial to weigh the pros and cons and ensure that your business meets the specific requirements to qualify. Dive into the world of business structures and tax options to make informed decisions that cater to your financial goals.
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LLC Taxed as an S Corp: Unpacking the Benefits
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