S-Corp Status for Your Business
Change Your LLC to An S-Corp: You Can Save Thousands
If you have your own business and earn over $50k, you'll want to listen to this episode. Electing an S-Corp tax status for your LLC might save you thousands in taxes.
Michelle Moses, CFP® and Jared Van Arsdale, CPA discuss the complexities and benefits of electing an S-Corp status.
Key Takeaways:
Who makes a good candidate for this election and how to do it.
Once elected, logistical items to consider.
Time Stamps
00:00 Welcome to the Financial Podcast: Understanding S Corps
00:37 Introducing Tax Expert Jared Van Arsdale
03:37 The Benefits and Risks of Electing S Corp Status
06:29 Navigating the Complexities of S Corp Elections and Audits
11:13 Filing for S Corp Status: Tips and Deadlines
14:30 Navigating S Corporation Elections: A Comprehensive Guide
14:38 The Financial Benefits of Electing S Corp Status
15:27 Understanding Salary Thresholds and Tax Implications
19:39 The Complexities of S Corp Shareholders and Capital Raising
24:15 Exit Strategies and Selling Your S Corporation
30:04 Concluding Thoughts on S Corporations
Disclaimer: The information provided in this podcast is for general informational purposes only and should not be construed as professional financial advice. Always consult with a qualified financial advisor or professional before making any financial decisions. The hosts and guests of this podcast are not responsible for any actions taken based on the information presented.