When to Switch Your Business From LLC to S Corp

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📝 The information in these videos are to assist entrepreneurs and business owners for general & educational purposes only. I am not an attorney or legal advisor nor do I claim to be 📝

[BJ-hjsm]

If I upgrade to a S Corp & I’m running the business myself do I still need to get payroll software setup?

[arrey]

Knowledge is indeed power. I have been searching for a good explanation and here I found it. I should have setup an S corp rather than an LLC based on this information. Imagine starting a business with an estimated income of 400K+ and then having it as an LLC? Thank you so much!

[sheilau]

I think there is a little confusion. You can be an LLC and be taxed as an S corp (both and not either or). Right? Keep the entity (liability protection) and be taxed as S Corp.

[Bormanb]

Great video, is there a way to file form 2553 in August of the tax year and be retroactive to January 1st or do I need to wait until next year?

[gracemelody]

Do you recommend using Legal Zoom or similar sites to help with filing S Corp status?

[frankiedavis]

What about if you would like to change your S corporation from Real estate company to a financial education co?

[ashleytradingwithashley]

You are amazing! Found you through Larry Jones. I am now binge watching and learning so much! 🎉

[delores_taylor]

Love it! Thanks, now I need to go make at least 40k😊

[molovefive]

I need to start a business! Great info