LLC vs S CORP: Which One is Best for Business Structure? скачать в хорошем качестве

LLC vs S CORP: Which One is Best for Business Structure?

Subscribe to our channel:    / @simplify_llc   You've decided to launch your own business and you think an LLC structure would be the best choice. Once you get to this stage of the process, it's time to decide how your business will be taxed. This is where a lot of entrepreneurs get tripped up! "Pass-through taxation," "S corporation"... It can definitely be confusing, but don't worry, we're here to clear it up and help you make the best decision for your business. First, let's be clear that an LLC, aka a Limited Liability Corporation, is a type of legal entity. It has to do with how your state recognizes your business. An S-corporation is a type of federal tax classification. Technically, it's not a type of business. You can actually be an LLC and elect to be taxed as an S-corporation What is an LLC? Limited Liability Company: Benefits and Disadvantages:    • What is an LLC? Limited Liability Company:...   How To Form An LLC:    • How To Form An LLC | Create an LLC in 8 Ea...   00:00 Introduction 00:35 Difference between LLC and S Corp 01:00 The basic structure of an LLC 02:25 S Corporation Special Requirements 03:44 Still not sure which is right for you 04:05 How you would proceed with S Corp Hope that cleared up some confusion. Ultimately, the right decision is up to you. It's always a good idea to chat with a tax professional or financial advisor to see whether S Corp taxation is right for your business. If you want to learn more, we have how - to guides for starting and running your own company on our website ww.SimplifyLLC.com. SimplifyLLC is an independent publication that provides free guides for small business owners. If you’re looking for business ideas and do-it-yourself guides on forming and operating an LLC, then SimplifyLLC is your go-to resource for simple, legal jargon-free information. #llcvsscorp #scorpvsllc #simplifyLLC