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

 

Want to learn more so you can earn more? 

Visit keepwhatyouearn.com to dive deeper on our episodes 

Visit keepwhatyouearncfo.com to work with Shannon and her team 

Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ 

Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/ 

 

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.