We are sometimes asked to form a limited liability company for a new North Carolina business that wants to be taxed like an S-corporation. Yes, we can do that, but why?
The primary reason for a company to do this is because it wants the operational and organizational flexibility of the LLC, but it also wants to reduce self-employment taxes. We find this to be an extremely cumbersome method of doing business and accounting.
Please see full article below for more information.
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