Sole Proprietor vs LLC vs S Corp: Which Entity is BEST for Business Taxes?

By a Trusted CPA: Which is better - a Sole proprietorship, LLC, S-Corporation, or C-Corporation?
Become a Tax Client: mycpacoach.com/tax-planning-s...
Find out the best business entity to save on taxes by watching this full video.
Subscribe: bit.ly/2HJlq46
Your tax expense can greatly vary based on the entity you select for your business..
And by greatly, I mean thousands if not tens of thousands of dollars.
By the end of this video, I hope that you’re saving thousands and not paying thousands more than you have to in taxes.
Outline:
Intro: (0:00)
Legal vs Tax Entity: (1:15)
Pass-through Taxation: (1:50)
Double Taxation: (2:30)
Self-Employment Tax: (3:05)
Taxes for Sole Proprietors & Partnerships: (4:10)
Taxes for LLCs: (5:50)
Taxes for S-Corps: (7:15)
What is a Reasonable Salary?: (9:05)
Which Entity is Best for YOU?: (10:20)
Want to learn more about LLCs? Watch our LLC playlist: • The Best Business Enti...
Interested in talking with someone from our team? Sign up to get notified when we are accepting new clients here: lyfeaccounting.com/coming-soon/