turmpy Mentor Group Lifetime Mar 26, 2024 25 9 3 Visit site May 1, 2024 #1 May 1, 2024 #1 I have read quite a bit about US LLCs and S Corps, but I simply can't figure out what the difference is between the two? And what are the advantages?
I have read quite a bit about US LLCs and S Corps, but I simply can't figure out what the difference is between the two? And what are the advantages?
Marzio Rainmaker Pro Member Aug 11, 2019 2,420 1,624 113 Money Bin Visit site May 1, 2024 #2 May 1, 2024 #2 You can form a S-Corp only if you are a resident alien. This is the main difference that you need to know. Reactions: turmpy
You can form a S-Corp only if you are a resident alien. This is the main difference that you need to know.
turmpy Mentor Group Lifetime Mar 26, 2024 25 9 3 Visit site May 1, 2024 #3 May 1, 2024 #3 So you mean, no foreigner can own s-corp right? okay, if that is the only thing I focus on LLC
Marzio Rainmaker Pro Member Aug 11, 2019 2,420 1,624 113 Money Bin Visit site May 1, 2024 #4 May 1, 2024 #4 turmpy said: No foreigner can own s-corp right? Click to expand... Correct. Reactions: turmpy
lavel Offshore Agent Mentor Group Gold Sep 6, 2012 818 460 63 Visit site May 7, 2024 #5 May 7, 2024 #5 That's why most discussions here focus on US LLC non s-corps