How to Choose the BEST Tax Entity for Your Business | A Simple Walkthrough

Описание: Your business just became an LLC. Great! But now what?? 🤷‍♂️🤦‍♀️ The next decision you must make is choosing what kind of business entity makes the most sense for your business. There are four to choose from (Sole Proprietor, Partnership, S-Corp, and C-Corp) and each option carries with them their own tax implications. One option might make sense for you and your business and provide tax savings while another might tax your business in a way that may be less beneficial. Join Debbie as she walks you through the ins and outs of all the entity options you have and their benefits, rules, tax implications, and much more.

Timestamps:
0:00 What's a business entity?
0:44 LLC Sole Proprietor
4:55 LLC Partnership
9:26 LLC S-Corp
16:23 LLC C-Corp

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AGC Solutions does not provide tax, legal or accounting advice. This content has been prepared for informational purposes only and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. Also, tax law is ever-changing and every effort should be made to seek out the most current information. Make sure to check date of published content to ensure most current information.