rzmuda
Returning Member

Get your taxes done using TurboTax

I found this so a single member llc is different:

 

So the main difference is with a single-member LLC, only the business owner can report business profit/loss on their personal taxes, whereas in an S-Corp, all shareholders can. When starting a small business, many entrepreneurs end up deciding between two types of business entities—LLC vs. S-corp.

 

I am verifying now from gusto to see if have changed me to an s corp by using them If not I am still a single member llc

 

Ryan