LLC vs S Corp: Which one should you choose?

If you find yourself confused with choosing between an LLC and S Corp, this video is for you.

I just saved one of my clients over $95,000 in tax expenses from making a simple entity change from an LLC to an S-Corp.

I am going to explain the key differences between the 2 entity types and if you should convert your LLC to an S-Corp.

Watch to learn more.

Outline:

Intro: (0:00)
Importance of Choosing the Right Entity Type: (2:48)
Types of Taxes Paid by LLCs: (5:10)
LLC Tax Example: (6:56)
S-Corp Tax Example (9:33)
Is S-Corp Right for You?: (10:36)
Recap: (11:53)

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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).

[thomasaquinas]

For those interested, go to 2:48 to avoid filler in the beginning.

[alessial]

She was incredible explaining all this stuff

[Tammy-wfwy]

I am thinking of going S Corp.
I am a LLC right now. But after watching this.
You told me just what my lawyer told me. Thank you for your advice.
I will continue watching your videos. Very educational.

[jamesadams]

Excellently broken-down! Thanks for making this so much easier to understand. It's also good to know you can start as an LLC and then move to an S-Corp with the right forms. I'm just starting this self-employed journey, so I hope an S-Corp will make sense in the not too distant future!

[DesmondHasty]

The difference between an LLC and an S Corp. Thanks so much! You made it plain and that works for me! 🙏🏾

[lesleybrown]

Yess! Watched this 2X with my 18 y/o and shared with family and friends.
So well-organized, well-presented & easily digestible info - Darn great job y’all! 2021 is ours 🙏🏾❤️ 🙏🏽

[Unlovable]

I watched like 10 videos similar to this one. This was by far the best and easiest to understand. Thank you

[fishtacoma]

Hands down, probably one of the best explanations I've seen on YouTube by far! Very well done, thank you!

[LeeMcLaurin-flgt]

i thought she was plain simple and gave me a good understanding between the two llc vs s corp

[adamchandler]

Great video! I recently made the switch to S-Corp and there were definitely quite a few steps (plus some expenses) to getting things set up. I'm hopeful and optimistic it will be worth it, though, and wish I'd done it sooner. Thanks for all the great info!

[laczar]

This was excellent! It helped clear up a ton of confusion and questions about which direction to go in. Thanks!

[Leshgetit]

She’s knows her stuff! I can’t wait to get hired so I can practice this stuff

[darkethereal]

This is by far the best video explaining LLC vs S Corp

[TaraWagner]

You are absolutely right! If I would have understood this concept when I first got started with my biz it would have saved me tens of thousands of dollars. Now, I'm aware and sharing it with my boss clients so that they don't make the same mistake. Great tips!!

[grizforshort]

This is the best video I've seen on the subject matter yet, keep up the amazing content!!

[kandellkoffi]

I have be struggling to make a decision whether LLC or S-Corp for my hair salon business for a long time.... but after watching your video I have come to the conclusion that I’m going with an S-Corp

[Postalstop]

By far the best explanation i've heard on this topic. I like how at the end you zero in on the keys points

[kaykaybhoo]

This is by far is the best video on this topic made it so easy to understand

[Onlyonemelman]

I need her as a cpa she explained so well

[lglittle_truth]

Thank you for shedding some light on this topic. I now have a much better understanding of these two business structures. Keep up the good work and much success to you.