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Questions
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A larger competitor has been in the news because of an FTC investigation into their advertising practices.
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With so many lease agreements for different pieces of equipment, it does not make sense to track our "lease agreements," because that is too general. We would like to distinguish the contracts or leases in some way other than by type of contract. They are still leases after all. Is there a way to track contracts by the type of equipment or subject of the contract?
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Answers
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S Corporation is really a tax election that can be made for incorporated entities of various types (including LLCs). Both LLC and S Corporation are very popular choices for business owners seeking pass-through taxation. https://www.investopedia.com/articles/personal-finance/011216/s-corp-vs-llc-which-should-i-choose.asp
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