Hello, My experience is limited to creating the tax return: I would like to understand what is the technical difference between a C Corp and a LLC filing, both filing as S Corp.
I was trying to convince a (free) customer to close his new C Corp (1 owner) and open an LLC for simplicity. (I’m aware you need to make a 2553 election for C Copr)
His question was why? I could not really answer. I know that as a C Corp he needs to hold meetings, and other technicalities but from a tax perspective is there any difference?