Sole Proprietor vs LLC vs S Corp: Which Entity is BEST for Business Taxes?

By a Trusted CPA: Which is better - a Sole proprietorship, LLC, S-Corporation, or C-Corporation? Become a Tax Client: https://mycpacoach.com/tax-planning-s... Find out the best business entity to save on taxes by watching this full video. Subscribe: https://bit.ly/2HJlq46 Your tax expense can greatly vary based on the entity you select for your business.. And by greatly, I mean thousands if not tens of thousands of dollars. By the end of this video, I hope that you’re saving thousands and not paying thousands more than you have to in taxes. Outline: Intro: (0:00) Legal vs Tax Entity: (1:15) Pass-through Taxation: (1:50) Double Taxation: (2:30) Self-Employment Tax: (3:05) Taxes for Sole Proprietors & Partnerships: (4:10) Taxes for LLCs: (5:50) Taxes for S-Corps: (7:15) What is a Reasonable Salary?: (9:05) Which Entity is Best for YOU?: (10:20) 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/