Should I Be a C Corp or S Corp?
Jan 10, 2025In this episode, I discuss the differences between C corporations and S corporations. Many business owners are overwhelmed by the current marketing hype around S corporations, and it can be confusing to cut through the noise. I explain why, in certain cases, staying with a C corporation might be more beneficial. I also highlight key tax differences between the two corporate structures. From understanding flat corporate tax rates to the implications of double taxation, I break down the essential elements you need to consider. It's crucial to make an informed decision based on your business needs, and I encourage you to use this episode as a starting point for deeper research. Tune in as I clarify common misconceptions and provide actionable insights for your business's financial strategy.
What you'll hear in this episode:
[0:25] The Hype Around S Corporations
[0:50] Understanding C Corporations
[1:30] Tax Implications of C Corporations
[5:50] Double Taxation Explained
[6:10] Choosing the Right Business Formation
[7:50] Investor Considerations
If you like this episode, check out:
Why You May Want a C Corp in Your Business Structure
Simple S Corp Salary Guide for Beginners
S Corp Salary Explained Like a 3rd Grader
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Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
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The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
