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Advantages of an LLC

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Advantages of an LLC over a C Corporation

LLC Advantages over a C Corp

One of the biggest advantages of an LLC over a C Corporation is the single tax and one level of tax. C corporations may be taxed twice, once at the corporate level, and once at the shareholder level.

Double taxation.
Basis adjustment.
Special allocations.
Contributions.
Liquidation.
Unreasonable compensation.
Non-tax benefits.

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LLC Advantages over a C Corp

Before choosing or selecting an entity, learn the advantages of forming an LLC over a C Corporation. Ask a Tax Expert if you have any questions regarding the LLC advantages.