S Corp's Explained - The Ultimate Guide to Understanding S Corporations

[@HowtostartanllcOfficial]

For Businesses that are profitable, and the goal is to take the profit out of the company in a tax efficient manner, S- corp is a great tax designation to elect for your business., potentially saving thousands depending on the level of profitability of your business. Schedule A FREE CALL with a Tax Professional : go.truic.com/3AGw8nT (See how much you can save on your taxes) Create an S Corp with Northwest (25% Discount) go.truic.com/3Yw3L4J What is an S Corp written guide: howtostartanllc.com/what-is-an-s-corporation

[@UTesq]

Great videos. Thank you.

[@HowtostartanllcOfficial]

Thanks so much for watching. Are you thinking about being taxed as an S corp? Let us know if you need more info on making the choice or setting things up.

[@Tiffany-RemoteOfficeGirl]

Thank you for this valuable info. What if your sole proprietor home based business was setup many years ago in one state and now you are about to set it up in another?

[@HowtostartanllcOfficial]

Thanks for the question. To be taxed as an S corp, business owners have to form a corporation or LLC. It is generally best to form an LLC in the state where business is being conducted. Best of luck! Please note that the information provided by us is not, and it is not intended to, constitute legal advice or tax advice. For the most up-to-date legal advice, we advise deferring to a professional attorney or certified public accountant.

[@Tiffany-RemoteOfficeGirl]

@@HowtostartanllcOfficial Thank you.