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Updated almost 9 years ago, 12/16/2015

User Stats

65
Posts
15
Votes
Paul Cijunelis
Property Manager
  • Property Manager
  • Willowbrook, IL
15
Votes |
65
Posts

S-corp vs LLC in Illinois

Paul Cijunelis
Property Manager
  • Property Manager
  • Willowbrook, IL
Posted

From a tax perspective, after consulting a CPA friend, these are pretty much the same. At this point I want to start up and incorporate but am unsure the legal differences.

I am forming a partnership (two people me and another)

Instead of taking two trips to the lawyers office, one to ask btwn Scorp and LLC and the next to get our paperwork drawn up for the actual partnership after incorporating, can anyone offer advice as to which is better to get started and get the company created?

  • Paul Cijunelis

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