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Can an LLC have a president and vice president?

As an LLC, your company may decide to appoint corporate officers such as president, vice president, or treasurer to handle certain jobs or tasks within the company.

Should I classify my LLC as an S corp?

Although being taxed like an S corporation is probably chosen the least often by small business owners, it is an option. For some LLCs and their owners, this can actually provide a tax savings, particularly if the LLC operates an active trade or business and the payroll taxes on the owner or owners is high.

Why would someone choose an S corp over an LLC?

S corporations may have preferable self-employment taxes compared to the LLC because the owner can be treated as an employee and paid a reasonable salary.

Can you have a CFO of an LLC?

An LLC can have key officers similar to other forms of business entities, like a Chief Executive Officer (CEO), Chief Financial Officer (CFO), President, Treasurer, and Secretary.

Can I use the CEO title in an LLC?

LLC leadership If you have a single-member LLC, which means that you are the only member, you can choose any title you like to signify that you are in charge. You can name yourself the CEO and/or president, principal, managing partner, director of operations, or a similar term.

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