What are the main differences between an LLC and an S corporation?
An LLC has more operating flexibility and fewer
corporate formalities than an S corporation. For example, an S corporation
cannot have more than 100 stockholders and must hold both periodic director's
meetings and an annual meeting of stockholders. However, owners of an S
corporation may be subject to fewer taxes than LLC owners.
For more information, please see "Differences Between a Corporation and a Limited Liability Company (LLC)" from the main guide.