LLCs do not allow that on their own. However, if you opt to tax your LLC like an S Corp, you can save a lot of money. It's good to speak with a professional accountant to get this set up.

Fact checked by Vikki Velasquez Reviewed by David Kindness A limited liability company (LLC) is a business structure that ...

When you form an LLC, you gain a range of advantages—from ... don't have to deal with corporate taxes (unless they elect to do so). Laws for forming an LLC vary by state, which means the ...