Comment

Comment by akjj

This is mostly true, but you're confusing because there are two different levels: corporations are registered and regulated at the state level, of which LLC is one category. The IRS then categorizes registered corporations as either S-corps or C-corps for the purpose of federal taxes. There's not a one-to-one mapping between the two levels, especially since there's 50 different states, but usually LLCs implies S corp.
parent akjj 10 years ago

No comments yet

Be the first to share your thoughts.

Live from the official Hacker News API

A modern reader for Hacker News · SvelteKit + Skeleton