An LLC can be taxed as a sole owned company, a partnership, an S-Corporation or as a C-Corporation. It is the most flexible company type there is.
One advantage of a Limited Liability Corporation is that you can also change the way an LLC is taxed in later years, should you need to. So you can start it as a sole owned taxed company and change it to a C-Corporation taxed company later on.
Another LLC tax advantage is that an LLC can also be used to hold a 401K. Wyoming Corporate Services Inc has these type of 401K LLC’s. You can learn more about using this on our 401K investing page.