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What are the main differences between an LLC and an S-corporation?An LLC has more operating flexibility and less corporate formalities than a S-corporation. For example, an S-corporation cannot have more than 100 stockholders, must hold periodic director's meetings and must hold an annual meeting of stockholders. However, owners of an S-corporation may be subject to less taxes than owners of an LLC. For more information, please see "Corporations compared to LLCs" from the main guide.
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