Hello,

I understand the difference between a PC and an LLC as it relates to the professional realm, however I am still trying to understand the financial (i.e. taxes, fees, benefits, etc) differences.

Someone on a different post wrote this extremely helpful nugget regarding LLCs:

"First, it is an extra layer of protection from being sued if anything happens on the job site. Second, it allows you to open a SEP retirement account and contribute 25% of all monies that are paid to the LLC tax free up 45-46 thousand per year. Finally, it allows you the opportunity to start a business without any employees and receive the tax benefits that go with it...i.e. mileage, CEU's, travel expense, and many more which will lower your tax bill significantly. "

I was wondering if a PC would offer the same/ similar?

And more specifically, would this change from state to state? I am currently located in NY.