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S Corps: Smart Move for Contractors?

Are you a construction contractor thinking about an S corporation? Before you flip that switch, you need to understand when an S corp actually saves you money—and when it quietly creates tax risk, audits, and exit problems. In this video, we break down S corporations specifically for construction contractors, using real-world scenarios, IRS rules, and practical guidance—not theory. ________________________________________ 🏗️ WHAT YOU’LL LEARN IN THIS VIDEO ✔ What an S corporation really is (and what it’s not) ✔ Why contractors are drawn to S corps ✔ How S corps actually save on self-employment taxes ✔ The right way to elect S corporation status ✔ Common contractor mistakes that trigger IRS audits ✔ Payroll, reasonable salary, and ongoing compliance realities ✔ How to revoke S corp status (and why it’s not simple) ✔ What happens when you shut down or liquidate an S corp ✔ Why S corps can complicate selling or exiting a construction business ✔ When an S corp makes sense—and when it doesn’t ________________________________________ ⚠️ COMMON CONTRACTOR MISTAKES COVERED 🚫 Paying yourself too little salary 🚫 Treating distributions like tax-free cash 🚫 Ignoring payroll requirements 🚫 Missing the S corp election deadline 🚫 Not planning for exit or liquidation 🚫 Assuming S corps are always “better” ________________________________________ 👷 WHO THIS VIDEO IS FOR • General contractors • Subcontractors • Owner-operators • Construction LLC owners • Contractors earning $150k+ annually • Anyone told “you need an S corp” without explanation ________________________________________ 🔗 CONNECT WITH US Need help deciding whether an S corp actually makes sense for your construction business—or fixing one that’s already set up wrong? • 📧 info@accountingsolutionsllp.com • 📅 https://accountingsolutionsllp.com/ap...