LLC vs S Corp vs C Corp: Which Business Structure Is Right For Your Business?

Video Description

Would you like to learn more about this topic and talk to someone? Schedule a free consultation here: https://aba.link/y49 Are you trying to choose the best business structure for your startup? You're not alone in this challenging task—did you know that approximately 70% of startups are set up with incorrect business structures? In this video, I'll discuss the most common business structures—LLCs, S-corporations, and C-corporations—to help you make an informed decision. Choosing the wrong structure can result in significant financial losses, potentially costing tens of thousands of dollars annually in unnecessary taxes. LLCs' versatility makes them a popular choice among entrepreneurs. By default, LLCs are taxed as pass-through entities, which means profits and losses are reported on the owners' personal tax returns. With multiple owners, an LLC is taxed as a partnership; with a single owner, it’s considered a disregarded entity, simplifying tax reporting. Furthermore, LLCs offer the flexibility to be taxed as either S-corporations or C-corporations, essentially serving as a Swiss army knife of business entities. 🔔 Don't forget to subscribe for more insights on real estate investing and business strategies! Show Notes: 0:00 Intro 1:01 Taxation 7:17 Ownerships and Shareholders 9:17 Management 11:11 Profit Sharing & Dividends 16:13 Corporate Formalities & Regulations 21:21 Outro --------------------------------------------------------------------------------------------------------- SUBSCRIBE https://aba.link/subscribe ~~~~ FREE TAX & ASSET PROTECTION WORKSHOP Register for an upcoming workshop today if you want to protect your business and personal assets from snoopy lawyers and creditors. Save Your Seat: https://aba.link/qef TAX TUESDAY LIVE Join us every other Tax Tuesday, where you can have your tax questions answered live by our experts entirely FREE. Register Now 👉 https://aba.link/14f987 Infinity Investing Join Infinity Investing as a Basic Member and Unlock Your Free Training Today! 👉 https://inf.link/ma7 OTHER ANDERSON ADVISOR EVENTS Learn a rich selection of subjects like tax and asset protection, business, investing, and more. Our attorneys and other skilled experts will help you learn what you need to know in order to better your chances of success in your professional life. https://aba.link/tobyevents ~~~~ FINANCIAL PLANNING & TAX RESOURCES 📚 Order Your Copy of "Infinity Investing: How The Rich Get Richer And How You Can Do The Same" Here: 👉👉 👉 https://aba.link/IIWbook Order Your Copy of ”Tax-Wise Business Ownership" and find greater success by taking advantage of tax laws for your business. Here 👉 https://aba.link/tobyshop Visit Anderson Advisor's website for content, like articles, podcasts, and more that we publish alongside my channel. 👉 https://aba.link/tobyaba ~~~~ FOLLOW US: Instagram: https://aba.link/instagram Facebook: https://aba.link/facebook Twitter: https://aba.link/twitter LinkedIn: https://aba.link/linkedin TikTok: https://www.tiktok.com/@tobymathisesq ~~~~ CONTACT US Phone: 800.706.4741 Email: [email protected] Fax: 702.664.0545 ABOUT TOBY MATHIS Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba --------------------------------------------------------------------------------------------------------- WARNING: I will NEVER ask you to contact me through YouTube comments, telegram, or WhatsApp. I have a checkmark next to my name, and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture. The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice. #llc #scorporation #ccorporation #startup #smallbusinessowner #tobymathis