If you find yourself confused with choosing between an LLC and S Corp, this video is for you.
I just saved one of my clients over $95,000 in tax expenses from making a simple entity change from an LLC to an S-Corp.
I am going to explain the key differences between the 2 entity types and if you should convert your LLC to an S-Corp.
Watch to learn more.
Outline:
Intro: (0:00)
Importance of Choosing the Right Entity Type: (2:48)
Types of Taxes Paid by LLCs: (5:10)
LLC Tax Example: (6:56)
S-Corp Tax Example (9:33)
Is S-Corp Right for You?: (10:36)
Recap: (11:53)
Want to learn more about LLCs? Watch our LLC playlist: https://www.youtube.com/playlist?list=PLfYAvlh4-VVSPHd9P5Qcva_1HnQ96fpZ8
Interested in talking with someone from our team? Sign up to get notified when we are accepting new clients here: https://lyfeaccounting.com/coming-soon/
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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).
