Your LLC Is Costing You Thousands

An LLC might protect your assets, but it won’t protect your cash.

Most entrepreneurs default to an LLC because it’s easy and familiar. But here’s the problem: by default, it’s taxed as a sole proprietorship or partnership meaning 100% of your income is hit with self-employment tax. That’s 15 to 16 percent on top of your income tax.

An LLC is a legal structure, not a tax strategy. If you want to keep more of what you earn, you need to choose the right entity on purpose not by default.

Comment #Strat for our free Entity Strategy Map: LLC, S Corp, C Corp What’s Best and Why

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Видео Your LLC Is Costing You Thousands канала Tom Wheelwright