LLC vs. S-CORP: When NOT to become an S-CORP

Need help with your small business tax & accounting? My company helps business owners save up to $30,000 dollars per year in taxes. Book a free consultation here: http://www.jumpingjacktaxes.com This was a highly requested video from my subscribers and I'm glad to bring this to you. I could have made this video 10 minutes but I like to go in-depth so you understand terminology and the WHY behind how things work. I want you to be able to explain this to someone else! So here it is. DISCLAIMER: I am not giving you financial or tax advice through this video. This is simply a breakdown with examples. Always consult a tax professional or lawyer about your business. New to youtube. Subscribe here:    / princedonne...​   Follow on Instagram for more business tips:   / ​   With a growing financial services company, I love to share tips and information I've learned over the years to push my company over the $1 Million Dollar Mark. Drop any business finance, marketing, leadership or other entrepreneur questions in the comments. Need your taxes done? Call our flagship office in Philadelphian (267)792-0186 or go to our website http://www.jumpingjacktaxes.com​ You can also download our mobile app Jumping Jack Tax on Apple & Google Play to find virtual tax, insurance or bookkeeping professionals.