Can an LLC Be an S-corp in Florida? Understanding LLCs and S-Corps in Florida
An LLC can be an S-Corp in Florida. An S-Corporation is a tax classification, not a corporate entity. It may lead to financial savings. S-Corporations are similar to LLCs, except the IRS recognizes them as corporations for tax purposes. Limited liability can protect personal assets if a business is sued or can’t pay debts. Other … Read more