Choosing between an LLC and S-Corp boils down to your business’s profitability, administrative capacity, and long-term goals. LLCs work best for simplicity and flexibility, while S-Corps shine when profitability increases, offering significant tax savings through reduced self-employment taxes.
Before making your final decision, consult with a tax advisor or CPA to evaluate your unique financial situation and ensure maximum tax efficiency. A well-informed choice today can lead to significant savings down the road.