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Jwasbury gave great advice. I am a member of 2 person LLC I have an LLC of which I am the only member and I am the President of an (S) Corp.
LLC's give liability protection as if you are Incorporated but all tax filings are done as a sole proprietor.
Jwasbury hit the nail on the head when it comes to (S) Corps. The only thing I would add to that is all profits from the (S) Corp are looked at as income to you personally and the income gets applied on your personal taxes. Sp depending on the business profits you may get bumped into a higher tax bracket.
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