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With LLCs and S Corporations, members and shareholders are able to pass company losses to their personal income reporting.

In some circumstances, the LLC lets you pass more loss than in an S Corporation, most notably when it comes to real estate.

6. Reinvesting Profits There’s another twist regarding the LLC, S Corp and your taxes. As pass-through entities, individual owners of an S Corporation or LLC are liable for any taxes owed on profits — whether that money is retained in the company or put in their wallets. For example, if you own 50% of an S Corporation or LLC and that company makes $80,000 in profit, you need to report $40,000 in income on your personal tax return. And it doesn’t matter whether that $40,000 actually ended up in your pocket. This is known as “phantom income,” and can obviously cause a problem for some shareholders. What to know: If you plan on retaining money in the company (and would prefer not to have shareholders be personally taxed on this money), you should consider the C Corporation over both the LLC and S Corp. Of course, your specific situation may vary, so it’s always best to consult your accountant.

It finds that the major barriers for SMEs are lack of financial resources, lack of knowledge, supply chain barriers, and difficulty in implementing sustainability initiatives across functions.

sustainability represents a massive opportunity for American SMEs and the entire U.S. economy