Electing your LLC to be taxed as an S Corporation is probably one of the most recommended tax strategies for self-employed business owners. However, there are some disadvantages of an S Corp that you should consider before you make the switch.

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Timestamps
LLC to S Corp (0:00)
What is an S Corporation? (1:50)
S Corp vs C Corp (3:38)
Advantages of an S Corp (5:12)
The Major Disadvantage (7:24)
Disadvantage #1 (8:35)
Disadvantage #2 (10:20)
Disadvantage #3 (11:23)
Disadvantage #4 (12:50)
Disadvantage #5 (14:20)
When to Become an S Corp? (15:10)

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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).