Re: S Corp or LLC Which is best for tanning salons? It does not matter, they are both taxed the same way, as passive income to your personal tax return 1040. I think you are confused with S Corp, LLC, and C Corp. C Corp is a true corporation, that is taxed at the corporate income tax level, but gives you advantages of keeping some income for future capital expenses. Talk to an accountant and they will explain this to you. |