[icedchai]

I'm curious: How are the taxes between an S Corp and a single-person LLC any different? In both cases the income passes through to the owners, right?

[kjurka]

S-Corps can split payouts to the owner into wages and dividends while all LLC income is equivalent to wages. Wages are subject to social security and medicare taxes that dividends are not.

[icedchai]

I think you mean distributions (S Corp), not dividends (C corp), but I get your point.