07/08/2026
Wrong business structure. Right structure. Same NYC business.
The difference? Often $10,000 to $40,000 a year in taxes.
I see this constantly with NYC business owners: sole proprietors overpaying self-employment tax, LLCs missing out on a major NY tax savings program, attorneys and physicians who've simply never sat down and run the numbers on S corp vs. LLC.
This week's blog post breaks down exactly how the math works, and how to know which structure actually fits your business.
S Corp vs. LLC in New York City: Which Business Structure Saves You the Most in Taxes? - Spear CPA CFP If you’re a New York City business owner trying to decide between an LLC and an S corporation, the choice you make can mean the difference between overpaying the IRS by tens of thousands of dollars a year or keeping more money in your pocket. A New York City physician was referred to me by […]