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LLC vs S Corp: Tax Benefits, Differences, & Strategies 2024

LLC vs S-Corp, which one is best for your business? There are many small business owners who are seriously overpaying in taxes simply because they make the wrong entity selection to start off with or because they never try to optimize their entity for tax purposes. Book a Discovery Call: https://schedule.lyfetaxes.com/discov... Timestamps Intro (0:00) Overview of LLCs and S-Corps (1:20) Differences of LLC vs S Corp (3:30) Self-Employment Taxes (6:25) How to Avoid Taxes (8:30) Deciding Between LLC or S Corp (12:15) More Popular Videos: Buy or Lease a Vehicle:    • ACCOUNTANT EXPLAINS: Should You Buy, ...   Single Member LLC, What You Must Know:    • Single Member LLC: What You Need to K...   Small Business Taxes for Beginners:    • Small Business Taxes for Beginners & ...   How to File Your Taxes as an LLC:    • How to File Your Taxes as a LLC Owner...   Taxes for Beginners:    • Tax Basics For Beginners (Taxes 101)   IRS Receipt Requirements:    • IRS Receipt Requirements: How to Subs...   Please be sure to give this video a like and subscribe to our channel so you don't miss out on future videos! /// Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live). #llc #business /// Disclaimer: The information provided in this video is for entertainment purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).