“In most states, there is no reason to form a Corporation anymore “

(Before It's News)

CPA/attorney and LAB member, Jeff Vandrew, on the difference between entity choice and tax status:

A single member LLC has a choice of the following tax statutes: disregarded entity (like a sole proprietorship), S-corporation, or C-corporation.

A multi-member LLC has a choice of the following tax statutes: partnership, S-corporation, or C-corporation.

A corporation has a choice of the following tax statutes: S-corporation or C-corporation.

Read (and respond to) Jeff’s comment in the LAB.

“In most states, there is no reason to form a Corporation anymore “ is a post from the law firm marketing blog, Lawyerist.com

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