Published On Premiered Mar 3, 2021
By a Trusted CPA: Which is better - a Sole proprietorship, LLC, S-Corporation, or C-Corporation?
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Find out the best business entity to save on taxes by watching this full video.
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Your tax expense can greatly vary based on the entity you select for your business..
And by greatly, I mean thousands if not tens of thousands of dollars.
By the end of this video, I hope that you’re saving thousands and not paying thousands more than you have to in taxes.
Outline:
Intro: (0:00)
Legal vs Tax Entity: (1:15)
Pass-through Taxation: (1:50)
Double Taxation: (2:30)
Self-Employment Tax: (3:05)
Taxes for Sole Proprietors & Partnerships: (4:10)
Taxes for LLCs: (5:50)
Taxes for S-Corps: (7:15)
What is a Reasonable Salary?: (9:05)
Which Entity is Best for YOU?: (10:20)
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