S-corporation owners may deduct home-office costs by reimbursing through the company. To benefit, expenses must be documented and done under fringe-benefit rules. Deductions are limited by the S ...

Ultimately, the right entity choice depends on the business’s goals, profit model, ownership structure, and tolerance for ...

Another distinction lies in flexibility. LLCs allow owners to reinvest profits or distribute income in a variety of ways, while S-Corps must distribute earnings based strictly on ownership percentage.