Karlton Dennis
@karltondennis·1.1M subscribers·2.1K videos
S Corps Are the New LLCs
Posted
July 22, 2024
Views
106,888
Likes
6,006
Comments
195
Engagement
5.80%
July 22, 2024
106,888
6,006
195
5.80%
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LLCs have been one of the most popular business structures in America for many years now, However, S Corps are rising in popularity. In fact, many people believe that they are the new LLCs. There are now over 5 million S corps in America and counting. Soon, this number could be much higher.
In this video, tax expert Karlton Dennis breaks down all of the key reasons why S Corps are becoming the new LLCs and why they are starting to compete with them in terms of popularity.
Points he covers include the rules for S Corps, how to set one up, and the advantages that they have over LLCs.
If you are someone who is trying to figure out which entity structure to use for a business, then this video can provide you with key S Corp information to help you make your decision. Like LLCs, S Corps have liability protection, but they have a number of other important benefits that LLCs don’t have.
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*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.
#llc #scorp #businessowner
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