Tax Benefits of a C Corporation: Better Than an LLC?

This is an in-depth video on the tax benefits of a C-Corporation, also known as a C-Corp. Today, I'll compare the c-corporation vs llc and other business entity structures.

There are still many advantages of Corporation that exists over an LLC, so in this video, what I want to do is cover:

- What is a C Corporation?
- The Advantages of a C-Corporation Entity
- Tax Benefits of a C Corporation

Timestamps:
Intro (0:00)
Liability Protection (0:24)
What is a C-Corporation? (2:25)
Advantage #1 (4:56)
Advantage #2 (6:50)
Important Note (7:45)
Tax Benefit #1 (8:15)
Tax Benefit #2 (11:35)
Tax Benefit #3 (12:48)
Tax Benefit #4 (13:50)
Tax Benefit #5 (15:50)
IMPORTANT NOTE (17:00)

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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).

[ftruth]

This is the best video explaining c-corporation & llc what I’ve seen so far

[edgarandrade]

I had a long talk with my CPA and decided to become a c corp. A lot of what cpa said you mentioned. Thank you

[businessacc]

Excellent content.
I’m starting a tech company and had a tax lawyer try to shame me for not founding the firm as an LLC.
We proceeded as a C Corp in DE.
Want to be ready for investors!

[stealydealies]

MAN OH MAN. I was concerned about my income and taxes through a C-corp. I was suggested I file as a C-Corp but COULD NOT UNDERSTAND WHY Until this very video. Thank you so so so much.

[ministerdixon]

Well done Lyfe! Perfect explanation and super easy to follow with clear define statements and facts over the C-Corp. Beautiful!

[azizroshid]

Thank you for the video.
Please make a video about taking money out of your C Corp without being subjected to double taxation.

[koicaine]

This information is so valuable. Thank you for sharing.

[abrishalay]

Thabks for making thus video, I was trying to explain to someone how a C Corp is a better fit for my business down the line (not today) and I couldn't do it justice. This was perfect to send to them and I'll likely use your accounting firm in the future.

[laofus]

thank you for video. Can I set my salary low to reduce long term capital gain tax rate or to reduce dividends tax rate?

[angellkemokai]

Thank you so much for this information. I needed guidance.

[SimpleAbundance]

Dropping a line to show some support. Thanks for sharing your knowledge 📈

[nkt]

In the last screenshot “If you are anticipating a need to rise A LOT OF CAPITAL along with an anticipation that you will earn a lot of profit (at least $400k per year)? We need to have at least $400k profit to start an C corp?

[mikejunk]

What are your thoughts on ROBS 401k business startups? I know they have to be a c-corp, but does it make sense for someone to do that if they will be the only employee of that business?

[apriltownsend]

🤔 Would you suggest a sole preparator if my product is sold in farmers markets and there is little risk of me being sued. When I expand I will have workman's comp. Thanks

[samisartawi]

Can you do a video that differentiate briefly all the entities that are available for business and which one is best for you !!

[Whichofthefavors]

I watch your videos and I am learning about taxes. Thank You so much. I have a question that I am hoping that you can answer please. I started a business a few years ago and purchased equipment, business cards, po box address and products to sell. However I didnt keep up with my website and literally made a few sales from my friends in the past 4 years. Not even $50.00. I had so much going on in my life. I am determined to get back on track this year and include my business when I file my taxes in 2023. So can I write off the equipment that I purchased, my business cards, products etc, anything I purchased for my business if I purchased it a few years ago? Im not sure how it would work for me. Or do I just include anything that I have purchased for my business this year 2022. I would really like your expertise advice. Thank You.

[eleonzocaldeeon]

Just a question can I change from sole to corporation even if I just have my license as sole proprietor?

[abundant_sy]

Question if you have an llc can you just use the c crop to just run it how does that work

[emiliagamboni]

Can you make videos about the different options if any for small business on health care. What is it required or helpful for a small business or sole proprietor?

[dennis-theguyfromitaly]

But by being an LLC you can choose how to be taxed. So by being taxed as a C corp is not the same?