In this episode of Profits + Prosecco Podcast, we are going to be talking all about S Corps. I want to share more about exactly what an S Corp is, how to determine when it's right for you, how to get yourself established so it's easy to become an S Corp, as well as understand how it can save you money.

Some of the topics we go over include:

• My advice when it comes to setting up your business as an LLC.

• Differences between an LLC without an S Election and LLC with S Election.

• How S Corp can save you money.

• How to determine when it makes sense to become an S Corp.

Do your books, keep an eye on profits, when you are at about $50,000 have a conversation with your CPA about transitioning to S Corp. By this point, you will also need to already be running payroll!

To hear more on what an S Corp is and how it can save you money, be sure to listen to the entire episode on your favorite streaming platform.

If you have enjoyed this episode of the podcast, take a screenshot, head on over to Instagram and share your IG stories and tag me, @orderlyaccountingbykatie

EPISODE RESOURCES:

Get connected with a payroll representative

CONNECT WITH KATIE:

Website

Instagram

The Bookkeepers' Corner Facebook Group

Booked Out Bookkeeper