HRoth - 12:43 pm on Mar 12, 2012 (gmt 0)
I thought the LLC thing was for protecting assets, not tax savings, because with an LLC, you pay self-employment tax on the net, just like with a sole proprietorship. In contrast, with a corporation, you pay self-employment tax only on salaries but not on the corporation's profit, where you pay corporate tax, which is less. Thing is that with folks like us, most of the time there's isn't going to be any corporate profit, only salaries.
Corporations you have to file corporate minutes every year and in my state pay a minimum corporate tax, which is $100. You don't have to file annual papers with an LLC, but I don't know what it's like to file taxes with one.