LLC vs S Corp: Which one should you choose?

If you find yourself confused with choosing between an LLC and S Corp, this video is for you. Become a Tax Client: https://mycpacoach.com/tax-planning-s... I just saved one of my clients over $95,000 in tax expenses from making a simple entity change from an LLC to an S-Corp. I am going to explain the key differences between the 2 entity types and if you should convert your LLC to an S-Corp. Watch to learn more. Outline: Intro: (0:00) Importance of Choosing the Right Entity Type: (2:48) Types of Taxes Paid by LLCs: (5:10) LLC Tax Example: (6:56) S-Corp Tax Example (9:33) Is S-Corp Right for You?: (10:36) Recap: (11:53) Watch when to Switch from an LLC to S-Corp next:    • WHEN to SWITCH from an LLC to an S-CORP (a...   Want to learn more about LLCs? Watch our LLC playlist:    • The Best Business Entity to Save on Taxes ...   Interested in talking with someone from our team? Sign up to get notified when we are accepting new clients here: https://lyfeaccounting.com/coming-soon/ /// 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).