The $20,000 Mistake Martial Arts Owners Keep Making
Автор: Modern Day Dojo
Загружено: 2025-04-16
Просмотров: 6
Описание:
In this episode, host Larry Kooyman delves into the financial implications of choosing the right business structure for your martial arts gym. He discusses the differences between operating as a Sole Proprietor, LLC, or S-Corp, and how each can impact your bottom line. Key topics include:
Comparing LLC and S-Corp structures as your profits grow
Understanding the importance of a "reasonable salary" for S-Corp owners
Exploring tax-saving strategies like the Augusta Rule, hiring your children, and home office deductions
A side-by-side analysis of potential tax savings on $100K in net profit
Disclaimer: This episode provides strategic insights and is not intended as tax advice. Always consult with a qualified accountant or financial professional before making decisions about your business structure or taxes.
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