Forming an S corp brings significant benefits to a business owner. Consider the following advantages: Like an LLC, an S corp does not pay taxes at the corporate level. Any income or losses are ...

One method that is gaining traction is the S corporation election ... serves as Chief Managing Member at Miser Wealth Partners, LLC, located in Knoxville, Tenn., and Tellico Village, Tenn.

That's because an S corporation has some appealing tax benefits and still provides business ... to no more than 75 shareholders, whereas an LLC can have an unlimited number of members (owners).

For most people, getting out of self-employment taxes will save a lot of money. LLCs do not allow that on their own. However, ...