My husband recently started working contract roles where he is paid through a 1099 (I don't know if I am stating that correctly but it's basically a job where he does work for a company as a contractor and is not technically employed by that company and they don't withhold taxes). We are withholding 30% of that income just to be on the safe side. It has been suggested by multiple people that we start either an LLC or S-Corp for those jobs instead of contracting the work through him directly. When it comes to taxes is there a benefit to opening an LLC vs S-Corp?
