to your Q of S-corp.

both LLC and S-corp are pass thru companies, but S-corp can only file as small corporation,limited number of share holders, shareholder can't be other corp or foreign person, more importantly, all share holders share same liabilities.

while LLC is more flexible, you can elect it as sole proprietorship(single member), partnership or as a Corporation. LLC members can be any entity, including corps, trusts, foreign member, and you can setup as general member and limited members(no liability).

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