Choosing between an S Corporation and an LLC - The New York Perspective

Many small business owners eventually have to decide between a limited liability company and an S corporation when choosing a formal legal structure for their business.  Unfortunately, it is not that easy to understand the characteristics of each business entity.  There is just so much information out there that is too complicated, confusing or plain misleading.

To somewhat alleviate this situation, I just wrote a short FAQ about the differences, similarities and other aspects of S corporations and limited liability companies from the New York perspective.  You can read it on my website.