What is an LLC vs. S-Corp: Which is right for your small business?

What is an LLC vs. an S Corp? (In layman's terms!) And which is right for your phase of business? Watch this for a simple breakdown and some tips on how to pick the right business entity and tax classification for you.

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TIMESTAMPS:
00:00 - Intro
02:42 - What does LLC stand for and mean?
04:17 - Who should have an LLC?
05:28 - What is an S Corp?
07:49 - How S Corps decrease taxes
10:14 - Drawbacks of an S Corp
13:05 - When to Move to an S Corp
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// ABOUT ME

I’m Tara Wagner, Breakthrough coach and lifelong entrepreneur. I help small business owners use a holistic approach to business, so you can take back your time, make more money, and finally **crush your goals, not your soul**. Looking for mindset and business coaching?

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// DISCLAIMER

Everything I share here or through my website is for informational, entertainment and inspirational purposes only. All advice should be undertaken at your own discretion because you’re a smart cookie who can make your own decisions. By watching and/or subscribing you agree to use the common sense discretion outlined in painful detail here: xotara.us/disclaimer.

Видео What is an LLC vs. S-Corp: Which is right for your small business? канала Tara Wagner Coaching