The Retirement Nerds

When to Switch to an S-Corp (And When NOT To)


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LLC vs S-Corp vs Sole Proprietorship — which business structure saves you the most in taxes, protects you from liability, and sets you up for retirement? CPA Daniel breaks it all down.

In this video, I sit down with Daniel the CPA to cover everything business owners need to know about structuring their business the right way — especially if retirement is on the horizon.

We cover:

LLC vs S-Corp vs Sole Proprietorship: which one is right for you

How to pay yourself as a business owner (and why it matters for qualifying for a mortgage, saving for retirement, and maximizing Social Security)

Liability protection strategies that most small business owners overlook

Tax savings strategies a CPA actually recommends

How your business structure today affects your retirement income tomorrow

The mistakes Daniel sees business owners make over and over again

Whether you're a business owner in your 30s just getting started or in your 50s and 60s planning your exit, this conversation gives you the CPA perspective most people never hear.

🔷 WORK WITH US:

📌 CPA Help From Daniel:

https://danielthecpa.com/

📌 Medicare Help:

https://theretirementnerds.com/

📌 Financial Planning & Social Security Strategy:

https://capitafinancialnetwork.com/

📌 Estate Planning:

https://easylegalplanning.com

📌 Subscribe for more retirement clarity — no fear, no fluff, just facts:

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🔷 MORE VIDEOS WITH DANIEL:

https://youtu.be/G1Dc6gVv90g

https://youtu.be/aI3TBDkBMbU

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⏰ TIME CODES ⏰

0:00 Intro

1:48 Business Structures

3:14 Paying Yourself Properly

10:17 S-Corp vs Others

6:02 Goals Shape Structure

17:57 Loans & Personal Guarantees

20:08 Selling & Acquiring Businesses

17:17 Write Offs

32:37 Common Write Off Mistakes

24:50 Realities of an Audit

41:38 When to Bring In a CPA

45:35 Accounting Myths

49:20 Ranking Tax Advice

53:24 Valuable Tools for Business Owners

55:20 Where to Get Help

=============================

#medicare #theretirementnerds #socialsecurity #retirementnerds #finance #businessowner #taxes #tax

PLEASE NOTE:

This video is for education purposes only.It does not constitute legal or tax advice for your specific situation.

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The Retirement NerdsBy Erik Soderborg

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