Tax Difference between LLC and S-Corp - LLC vs. S Corporation explanation

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Added by Phil.Springer
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Best LLC vs. S-Corp walk through on the internet!

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What's the tax difference between an LLC and an S-Corp?
What's better, an S Corp or an LLC?
How to convert to an S Corporation?
Are there tax savings when you become an S-Corp?
What business type should I be?
How to choose a business type?

There are dozens of questions that people have concerning their business entity type. The bottom line is that people are usually trying to pay their fair share and not a penny more - that's the most important thing to them.

If you're looking for tax planning advice, ways to reduce your taxes, legal tax loopholes, the best tax loopholes for small business or the best tax write offs for small business - the foundation starts with your business entity type.

You should make a wise decision about becoming a limited liability company taxed as a sole proprietor or an S-Corp, because it might save you in self employment, social security and medicare taxes.

Social security taxes for an S-Corp are important to figure out!
So is figuring out the medicare taxes on an LLC or an S-corp.

We hope this video helps you out a ton!

Category
Business

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