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| Name | LLC vs S-Corp: Which Is Best for Your Business? |
| Video Uploader | Video From PaymentCloud |
| Upload Date | This Video Uploaded At 19-01-2024 22:00:03 |
| Video Discription | So you're weighing out the differences between forming an LLC and an S Corp. Both offer tax advantages and benefits but the structure you choose should be dependent on your business' goals and needs. In this video we're going to compare LLC's and S Corps, talk about taxation and show you the steps to get your business started. An LLC is a common form of business. It protects its owners from liabilities such as debts & legal actions, while also using pass-through taxation. One thing to note about LLC's is that they offer flexible management and can be owned by either one person, or an unlimited number of members. S Corps are similar to LLC's in that they also protect owners from liabilities and they offer pass-through taxation. However, they are limited to 100 owners. In addition to pass-through taxation, S Corps also avoid self-employment tax when they pay dividends. #llcvsscorp #llc #smallbusiness #payments #scorp #howtostartabusiness #startabusiness ***************************************************************************************************************************************************************************************************** Additional Resources Sole Prop vs LLC ➡️ https://youtu.be/OAu-bW6L-U0 How to Determine Your Organization’s Business Structure ➡️ https://paymentcloudinc.com/blog/how-to-determine-your-organizations-business-structure/?tid=YT-BA-llcvscorp-7bhmK7mHmUo What is an LLC and is it Right For Your Business? ➡️https://paymentcloudinc.com/blog/llc/?tid=YT-BA-llcvscorp-7bhmK7mHmUo How to Get an EIN Number for Your Business ➡️ https://paymentcloudinc.com/blog/how-to-get-ein/?tid=YT-BA-llcvscorp-7bhmK7mHmUo 8 Small Business Legal Requirements to Consider ➡️ https://paymentcloudinc.com/blog/small-business-legal-requirements/?tid=YT-BA-llcvscorp-7bhmK7mHmUo How to Start a Business in 2024: Everything You Need to Know ➡️ https://paymentcloudinc.com/blog/starting-a-business/?tid=YT-BA-llcvscorp-7bhmK7mHmUo ***************************************************************************************************************************************************************************************************** Apply for a merchant account with ☁️PaymentCloud☁️ ➡️ https://paymentcloudinc.com/apply/?tid=YT-BA-llcvscorp-7bhmK7mHmUo ***************************************************************************************************************************************************************************************************** Chapters 0:00 - Intro 0:26 - Overview of LLC and S Corp 1:13 - TAXES: the key difference 1:45 - Other differences of LLC vs S Corp 2:05 - Pros & Cons 3:07 - Which one should you pick? 3:49 - How to Form LLC's and S Corps Be sure to subscribe to our channel! ✅☁️ https://www.youtube.com/channel/UC2iA1TT9ITB4TTSAKlOYmOg Follow us for more amazing content! Our Website ☁️ https://paymentcloudinc.com/ Instagram ☁️ https://www.instagram.com/paymentcloud/ Linkedin ☁️ https://www.linkedin.com/company/paymentcloud/ X ☁️ https://twitter.com/PaymentCloudInc/ Facebook ☁️ https://www.facebook.com/PaymentCloud/ |
| Category | Education |
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