Knowledge Center

Corporation FAQ

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.

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