Double Taxation - Corp vs LLC

Double Taxation A corporation's profits are taxed twice. Companiesthemselves pay a tax of as much as 35 percent on income, andshareholders must pay a 15 percent tax on any dividends theyreceive. In contrast, limited liability companies and otherpartnership-like vehicles distribute all of their income toshareholders, who then pay a single tax of up to 35 percent.