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LLC vs. S-Corp: What’s the Difference? By default, a single-member limited liability company (LLC) is taxed like a sole proprietorship, and a multi-member LLC is taxed like a partnership. However, LLC owners can choose to be taxed as an S-corp. By doing so, business owners can often reduce their self-employment taxes. When starting a small business, many entrepreneurs end up deciding between two types of business entities —LLC vs.
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We asked 400 borrowers who have taken out at least one personal loan within the last two years about a number of key aspects of their repayment experience, including preferred payment methods, important features and common reasons for missing a repayment.
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