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Sole Proprietor, LLC, or S-Corp?
Imesasishwa 29/9/2026
FinanceEN247.5 KB
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Utakachojifunza
- Distinguish between a legal structure (LLC) and a tax election (S-Corp)
- Explain why an LLC by itself usually does not lower your taxes
- Identify when an S-Corp election might save self-employment tax
- Choose the right structure based on your priorities: protection, simplicity, or profit level
Kuhusu
Understand the difference between legal structure and tax election for your side business — and avoid the common LLC tax myth.
Kilichomo ndani· masomo 12
- 1Busting the Tax Myth
- 2Minnesota Basics
- 3Quick Check: Sole Prop - Default
- 4What Is a Sole Proprietorship?
- 5Important: Not Legal or Tax Advice
- 6Knowledge Check Quiz
- 7Why This Matters
- 8What Is an S-Corp?
- 9Your Simple Decision Guide
- 10Quick Check: Sole Prop - Protection
- 11What an LLC Actually Does
- 12Structure Comparison Checklist
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