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| Name | Understanding S Corp Distributions: A Simple Guide for Business Owners |
| Video Uploader | Video From How to Start an LLC |
| Upload Date | This Video Uploaded At 09-08-2023 16:10:14 |
| Video Discription | Navigate the complexities with a free tax consultation: Call (801)790-0473 or schedule a call here: https://calendly.com/tryvydefree/truic-taxes For Businesses that are profitable, and the goal is to take the profit out of the company in a tax efficient manner, S-corp is a great tax designation to elect for your business., potentially saving thousands depending on the level of profitability of your business. Recommended formation service - We have negotiated with Northwest to provide the best discount and packages for our users, we get compensated when users use our discount links. 💼 For LLC 75% 𝗗𝗶𝘀𝗰𝗼𝘂𝗻𝘁 link - https://go.truic.com/3RUammE (paid) Fees are as follows $29 + state fee + $9 for BOI (this optional but recommended as failure to do so can result in a fine of $500/day) 🏆 For S-Corp 60% 𝗗𝗶𝘀𝗰𝗼𝘂𝗻𝘁 link -https://go.truic.com/3ZSADnf (paid) Fees are as follows $89 + state fee + $9 for BOI (this optional but recommended as failure to do so can result in a fine of $500/day) 🧮 To see how much you can save by forming an S corp check out our Scorp calculator: https://howtostartanllc.com/form-an-llc/llc-vs-s-corp-whats-the-difference S Corp distributions are like a paycheck or bonus that owners get from their business's profits. They have some tax benefits, making them a popular choice for many business owners. Check out our video to learn how they work and if an S Corp makes sense for your business! Time Stamps 0:44 1 What is an S Corp 1:43 2 Reasonable Salaries 2:21 3 What are Distributions? 3:10 4 Distribution Tax Rate 4:15 5 How Much Distributions to Take? 5:56 6 Reporting Distributions 6:59 7 Examples 8:03 8 Key Takeaways ---------- 🎥 S Corp vs LLC https://www.youtube.com/watch?v=PYGZ8c0yJDk 📝 What is an S Corp written guide: https://howtostartanllc.com/what-is-an-s-corporation #scorp #distributions #taxes YlUM4IuYvTk |
| Category | Education |
| Tags | S Corporation | scorp | distributions | distribution | taxes | tax | Distributions | Tax Benefits | Business Owners Guide | SCorp Dividends | Financial Planning | Tax Strategy | Profit Sharing | Business Tax Tips | How S Corps Work | Business Earnings | Self-Employment Taxes | Small Business Finance | Company Profits | Tax-efficient Draws | business | small business | entrepreneur | business tax | business tips |
