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Sole Proprietor vs LLC vs S Corp: Which Entity is BEST for Business Taxes?

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LYFE Accounting

By a Trusted CPA: Which is better a Sole proprietorship, LLC, SCorporation, or CCorporation?

Become a Tax Client: https://mycpacoach.com/taxplannings...

Find out the best business entity to save on taxes by watching this full video.

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Your tax expense can greatly vary based on the entity you select for your business..

And by greatly, I mean thousands if not tens of thousands of dollars.

By the end of this video, I hope that you’re saving thousands and not paying thousands more than you have to in taxes.

Outline:

Intro: (0:00)
Legal vs Tax Entity: (1:15)
Passthrough Taxation: (1:50)
Double Taxation: (2:30)
SelfEmployment Tax: (3:05)
Taxes for Sole Proprietors & Partnerships: (4:10)
Taxes for LLCs: (5:50)
Taxes for SCorps: (7:15)
What is a Reasonable Salary?: (9:05)
Which Entity is Best for YOU?: (10:20)

Want to learn more about LLCs? Watch our LLC playlist:    • The Best Business Entity to Save on T...  

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