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A comment on At what income number does S-Corp save you money over a Sole Proprietorship. Parent comment

Re:At what income number does S-Corp save you money over a S... by geekfactor on Saturday November 24, 2012 @03:26PM (#4826351)
FWIW, the OP seems to be equating "sole proprietorship" and the disregarded entity status of their LLC. As such, the liability cautions you make might not apply directly to their situation.
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Re:At what income number does S-Corp save you money over a S... by drc on Sunday November 25, 2012 @01:07PM (#4828734)
Yup, that's right - I thought IRS treated a single member LLC as a sole proprietorship for tax purposes. I guess the correct term is disregarded entity. Either way the definitions were specific to the tax status and separate to the liability definition, which is yes a LLC.
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