LLC(Limited liability company) or S-Corp

Originally I was thinking about LLC.  It’s a hybrid business format that has advantages from corporations and partnerships.  Starting up cost was not little ($800 for California Franchise tax board and $79 for filing) but I thought I would pay that to enjoy its benefits.

But  my accountant advised me to form a S corporations instead.

The Biggest advantage of S corporation is that I can avoid double taxation.

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