LLC vs. S Corp

Wondering about LLC vs. S Corp for your business, then this video is exactly what you need. Many CPAs and lawyers advise small businesses to elect S Corp without running the actual numbers (and because they can charge more). Don't always believe the hype. The key to understanding whether or not an S Corp is going to actually save you money is understanding how you, as the business owner, pay yourself in each scenario. Let's take a deep dive into how you can run the real numbers and feel confident in deciding whether an S Corp is right for you.

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1:21 - What exactly is an S Corp?
1:56 - LLC vs LLC elected as S Corp
9:58 - Things many CPAs/Lawyers don't account for
12:26 - S Corp compliance you need to know

Other Videos where I talk about S Corps
LLC vs. S Corps: What you need to know
S Corp vs LLC: Tax Advantages and Com...
S Corp vs. LLC: Tax Savings Strategie...
How to determine reasonable compensat...
S Corp Election Guide: Deadlines and ...
S Corp Tax Compliance: A Step-by-Step...

Blogs Where I Talk About S Corps
S Corp Deadlines: https://jamietrull.com/2023/03/13/s-c...
How to Choose the Best Business Structure: https://jamietrull.com/2022/12/23/s-c...
What Is A Reasonable Salary for an S Crop?: https://jamietrull.com/2023/03/06/wha...
Most S Corp Tax Calculator Methods are Wrong [Do this instead]: https://jamietrull.com/2023/03/02/mos...
Quick Guide to Choosing the Right Business Structure for You: https://jamietrull.com/2023/02/20/bus...


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**DISCLAIMER: This video is meant for educational purposes only.  This is not to be relied on or considered a substitute for advice on your specific situation from your tax advisor.


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