Should I be an S-Corp? LLC, PLLC?

Should I be an S-Corp? LLC, PLLC?

Starting off such a comparison is like comparing apples to oranges. A PLLC, or an LLC, is how your business is formed with the state. An S-Corporation election is made on the Federal level for taxation purposes. So, if you are already a PLLC or LLC, continue on. If not, our PLLC vs. LLC post will help you identify what decision is best for you. We’re always asked questions about companies that wish to become S-Corporations in an attempt to save on taxes.In response, the first thing I discuss with clients is if becoming an S-Corporation is going to save…
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PLLC vs LLC

PLLC vs LLC

What’s the difference between a PLLC and an LLC? An LLC is a Limited Liability Company. If set up properly, an LLC will protect your personal assets, such as your house, car, and other personal belongings. Establishing an LLC separates your personal assets from your business assets. If your business fails, only your business assets can be used to settle its debts.. Most small business that want to incorporate form LLCs. But what are PLLCs, and how do they compare to LLCs? A PLLC is an LLC for certain industries. If your industry requires you to have a license or…
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TL;DR: Accounting is Closed for Labor Day

TL;DR: Accounting is Closed for Labor Day

In recognition of Labor Day, TL;DR: Accounting will be closed this Monday. TL;DR is a supporter of a healthy work/life balance, which means taking time away from work during holidays and downtime. Our staff is also given the freedom to work around their personal schedules in a manner that works best for them. Over the past week, our staff has worked exceptionally hard to ensure all work is completed on a timely basis, but that also means that, this weekend, our time away from work is precisely that. Over the next three or four days, some of our crew will…
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