I Have Side Income Or Consulting Work - Do I Need An LLC Or S-Corp? w. Evgeni Ivanov

Get CME here: earnc.me/ojHFaW
In the beginning stages of starting up a side business or becoming a consultant, people generally don’t give too much thought to the structure of their business. However, as time goes on, it usually becomes apparent that there may be benefits to choosing a legal entity to increase your profits and decrease your risks. Evgeni Ivanov, Senior Manager for Wipfli LLP, joins the show today to share the different situations his clients have come to him with in regards to LLCs and S-Corps and how to decide what is the best direction for you.
Listen in as Evgeni explains the tax benefits of forming an entity and what you need to have in place in order to make an S-election. You will learn why someone might want to form an entity, the importance of talking to a professional about this, and the best way to assess the costs that come with starting your own business.
Financial planning questions? Learn about APM Wealth's process, here: apm-wealth.com....
Get on our mailing list for important financial, industry, and career updates: apm-wealth.com...
About Me:
My wife Sarah and I live in Portland, OR, where she is an attending anesthesiologist, and I am a financial planner for anesthesiologists and pain management physicians. I know firsthand the challenges faced by physicians as they try to build a successful career in a clinically demanding specialty, while simultaneously trying to make good financial and career choices. I’m dedicating my practice to serving individuals and families just like us.
============================================
CONNECT WITH JUSTIN ON SOCIAL MEDIA
KZbin: / @justinharvey
LinkedIn: / justin-harvey-46625516
Podcast: apmsuccess.com/
Apple Podcasts: podcasts.apple...
Spotify: open.spotify.c...
Stitcher: www.stitcher.c...