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LLC vs S corp

Starting a business with another individual. It is a house call medical service. We will be sharing costs but keeping income made separate. Are we better filing a partnership LLC or S-corp for accounting purposes?
2 Replies
Not applicable

LLC vs S corp

talk to a tax professional.  each has their pro's and con's and a tax pro can go over your current and future tax situation - both personal and business -  to give you the best advice.        

Level 15

LLC vs S corp

I agree with @Anonymous - speak with a tax professional and/or an attorney experienced in business entities (e.g., corporations, partnerships).


You are most likely going to need professional assistance (or guidance at least) with respect to filing the requisite articles, et al., with the state, regardless. You absolutely must start off in the right direction here.

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