Before You Elect S-Corp Status, Watch This (Texas Law) скачать в хорошем качестве

Before You Elect S-Corp Status, Watch This (Texas Law)

You can learn more about us here: ➡️https://ascendlegalsolutions.funnelyt... Are you sure your LLC is really an S-Corp? This is one of the most common and most dangerous misunderstandings I see business owners make, especially in Texas. In this video, I break down what an S Corp really is, what it is not, and why calling your business an “S Corp” can create legal and liability issues if you get it wrong. I’ll walk through the difference between LLCs and corporations, how S Corp tax elections work, when they actually save you money, and when they can cost you more. This decision affects your taxes, your filings, and how you represent your business legally. So before you elect S Corp status, do you really understand what you’re choosing and what stays exactly the same? - 00:00 - What do people get wrong about S Corps? 01:00 - What problems can this create legally? 02:01 - What actually changes after an S Corp election? 03:12 - How does double taxation work? 04:00 - Why are LLCs so confusing here? 05:10 - How are LLCs structured differently? 06:32 - Why do reasonable salaries matter? 08:00 - When should you switch to S Corp taxation? 09:27 - How must profit distributions work? 10:27 - What new compliance is required? 11:47 - Why payroll setup matters 13:05 - Why professional guidance is critical - Howdy! I’m Dustin Lee, a Texas business lawyer and founder of Ascend Legal Solutions, helping entrepreneurs understand how business law actually works. On this channel, I cover topics like LLCs and business entities, contracts, asset protection, liability issues, and business disputes, including what happens when things go wrong. This channel is designed to help business owners understand the legal framework they’re operating in, without hype, fear-based tactics, or fine print. You won’t get legal advice here, but you will get clear explanations, practical context, and insight into common legal mistakes that create real risk. Disclaimer: All content is for educational and informational purposes only.  Content published by Dustin C. Lee or Ascend Legal Solutions is not legal, professional, tax or securities advice, nor does it create an attorney-client relationship.  Content published by Dustin C. Lee or Ascend Legal Solutions shall not be relied upon. We do not respond to requests for information, requests for consultation, requests for advice, or legal questions submitted by email or through our website.  All communications must be made in a Business Solutions Meeting you book with us unless you are already a client of Ascend Legal Solutions.  Do not send any confidential or personal information in email, web form, or social media comments or DMs. If you are not a current client, you acknowledge that we have no obligation to maintain the confidentiality of any information you submit to us via email, DMs, or comments.  You understand and acknowledge that we may represent a party adverse to you, even if the information you submit to us could be used against you in a matter, and even if you submitted it in a good-faith effort to retain us. Ascend Legal Solutions c/o Dustin C. Lee, Founding Attorney 6700 Sands Point Dr. Houston, Texas 77074 #scorp #texaslaw #businesslawyer