To create an S corporation, a business must first be incorporated. It then must file Form 2553 with the IRS. This form is known officially as Election by a Small Business Corporation. It states ...

The choice between a Limited Liability Company (LLC), S-Corporation (S-Corp), or Sole ... which can simplify filing but may not offer the same tax advantages as other structures.

The structure has been delivering tax savings to advisory practices and other professional services firms for decades. But ...

including how you file your taxes and how much you owe the IRS. So you're ready to make your business official through incorporation, but not sure if you should choose LLC, S-Corp, or C-Corp?