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What is better? S-corporation or LLC corporation?

+1 vote
If I am a a sub contractor to a entertainer coach company. Would it be profitable for me to from an S corporation versus LLC corporation??
asked Sep 2, 2012 in LLC by anonymous
recategorized Nov 6, 2012 by Richard S
   

1 Answer

+4 votes
In many cases, what makes an LLC better than an S-corporation is that an LLC does not restrict number of shareholders.  S-corporations can only have up to 100 shareholders and the shareholders must be United States citizens. An LLC has no limit on the number of members and does not have any restrictions on the citizenship of its members.
answered Aug 5, 2013 by pjackson Inquisitive Expert (44,400 points)

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