| NJ home based sign biz- LLC or S corp? i'm in the process of starting up a home based sign business in NJ. i will be the owner w/ no other employees. this will be secondary to my main job working at a pharmaceutical plant. was hoping to get some feedback as to which way i should go, LLC or S Corp. i know there is a benefit of s corp over llc relating to taxes. other than that though, i'm leaning towards LLC. also how does it work if u have an LLC and don't claim emplyee salary. i read that when u file taxes, you're taxed like 15% on what u claim u pay yourself. if i'm getting paid from other job and am just banking everything from the new business, what happens? |