When does it make sense to switch from an LLC to an S-CORP?

If you're operating as an LLC, partnership, or sole proprietor, then you may save money by switching to an S-CORP.

Become a Tax Saver: https://bit.ly/3wDGtN0

80% of businesses formed are sole proprietors and partnerships according to the Tax Foundation.

And only 13% of businesses are S-Corporations.

To me, this means that 80% of businesses are potentially paying more taxes than they have to, but only if they are earning above a specific threshold.

Watch this full video to see what I mean...

Intro: (0:00)
How LLCs are Taxed: (1:47)
How S-CORPs save money: (4:40)
When & When NOT to Switch: (8:40)

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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).