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  • What is more common for new legal entities: LLC or S Corporation?

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    Working with a new startup management team. We are wondering what is the most common structure for a new entity.

    business-entity startup entrepreneurship

    asked , updated

    by pyotor

  • Answers

  • answered

    by kc_3

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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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