Jan 25, 2021
Are you confused about switching to an LLC, an S-corp, or maybe even a C-Corp? If so, you are not alone. What are the differences between these options and which one is right for you and your business? That’s what we’re here to find out! If you are trying to understand how to best structure your business to take advantage of the tax opportunities available to you, then press play now.
There are 2 main reasons to register your business as an LLC or S-Corp. The first is liability protection. It is important to separate your personal assets from your business and that is exactly what an LLC, an S-Corp, and a C-Corp do. The more successful you are the more important this separation becomes.
The second reason to register your business as an LLC, S-Corp, or C-Corp is because of taxes. Highly profitable solopreneurs are highly taxed and the proper business structure can help you take advantage of tax strategies that could save you money. Listen in to hear examples of how you can structure your business in a way that provides you with the most tax savings.
Obviously, you’ll want to consult with your CPA or tax professional as well as your attorney before making any decisions. The goal of this episode is to arm you with the background knowledge so that you understand your choices. Please use this FREE worksheet to help you walk through some personal examples.
If you learned something from this episode, be sure to hit the subscribe button. Also, please share this podcast with a friend. Let’s get this knowledge out there to help as many solopreneurs as possible!
Audio Production and Show notes
PODCAST FAST TRACK