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Husband wife owned LLC, best teated as partnership, s-corp or corporation for tax purposes

Submitted by Anonymous on Sat, 2009-12-19 21:47.

Hey Linda,

My wife and I started an LLC in NC. We provide automotive diagnostic and repair services. we are trying to determine the best way to handle our tax situation. I know the IRS will allow us to elect to be taxed as a corporation, s-corp, partnership or it appears a sole proprietorship. Do you have any any suggestions? We are planning to pay ourselves as w-2 employees. is this a good idea?

thanks

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