LLC vs S-Corp Comparison
Formation Methods: Cost vs. Time Comparison
Comparing the true cost of business formation methods
Estimated Total Cost
Time Investment
Why choose the middle path?
DIY Risks Costly Mistakes
Doing it yourself seems cheap, but missing a single compliance step can cost thousands in state fines later.
Attorneys are Expensive
Lawyers charge $200-$400 per hour for paperwork that can be automated accurately and safely.
The Smart Advantage
BookMyLLC provides attorney-level accuracy in a fraction of the time, for a fraction of the cost.
LLC vs S-Corp: Which Entity is Right for You?
Both LLCs and S-Corps offer liability protection, but they differ in taxation, ownership restrictions, and compliance requirements.
LLC Advantages
Flexible management, fewer formalities, no ownership restrictions, pass-through taxation by default.
S-Corp Advantages
Potential tax savings on self-employment taxes, more structured ownership, may attract certain investors.
Can an LLC Elect S-Corp Status?
Yes! An LLC can elect to be taxed as an S-Corp by filing Form 2553 with the IRS. This can save money on self-employment taxes if your business profits exceed $60,000.
The Formation Process
Name Your Business
Perform a quick search to ensure your desired LLC name is available in your state.
Name Your Business
Perform a quick search to ensure your desired LLC name is available in your state.
Select Your Package
Choose between our Basic, Standard, or Premium packages depending on your privacy and compliance needs.
We File the Paperwork
Our experts draft and file the Articles of Organization with the Secretary of State.
We File the Paperwork
Our experts draft and file the Articles of Organization with the Secretary of State.
Receive Your Documents
Your official LLC documents, EIN, and Operating Agreement are delivered securely to your dashboard.