What are the advantages of LLC's over S Corporations?

Leah · #1 (**permalink**) 03-01-2007, 03:22 AM

Dear Taxguru,

Can you please tell me what are major advantages of forming an LLC over an S corporation? I know both are subject to minimum taxes, and both are generally preferred enties over C corporations. But, what is so great about LLC's?

Thanks again.

TaxGuru · #2 (**permalink**) 04-05-2007, 10:48 AM

Please refer to our Tips section where I have written an article ( http://www.asktaxguru.com/227-benefi...porations.html )on this subject.