text: what are the primary differences (advantages, disadvantages) between a sub s corp. and an llc? is there a really good website to use that would explain them clearly? here are some basics:  s-corp: limits personal liability of owners to investment in the business; llc: ditto  s-corp: avoids "double taxation" of ordinary corporations.  (standard corporations pay income tax, then distribute profits to owners, who pay tax again on the income.)  s-corps pass profits to owners, who pay tax on the income, but the corporation itself only files a return and doesn't pay income tax.  llc: can basically decide whether to be taxed like a corporation, like a simple partnership, or like a sole proprietorship.  the default rule depends on how many owners the llc has, but you can file a form with the irs to tell it you want a different option.  s-corp: ownership limited in number and restricted to natural persons (not other corporations) and legal residents; llc: ownership not limited by number or citizenship/residency status  you might find it easier to complete the paperwork for an llc, though both are well-designed for small businesses.  if you go with an s-corp, be sure to check with your state to see whether they require you to file for s-corp status with them, too.  i've had clients who filed s-corp status with the irs but not the state, then the state turns up in a few years wanting corporate income tax because the company was not an s-corp in the state's eyes, just a regular, income-tax owing corporation.  it is a very good idea to consult with a locally licensed attorney on this decision, though you may be able to handle the actual set-up yourself.  i hope that helps.  good luck.