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LLC vs S-corp! | Why You Need To Know This!

Being a Tax Advisor is a lucrative opportunity...Learn more here: https://markjkohler.com/become-a-cert... Ebook & Newsletter: https://markjkohler.com/youtube/ Call the MJK Team: 208-745-2865 KKOS Lawyers (My Law firm): https://kkoslawyers.com/contact-us/ Directed IRA (My Trust Company): https://directedira.com/appointment/ My Certification and Membership: https://markjkohler.com/become-a-cert... Podcast: https://mainstreetbusinesspodcast.com/ Main Street Business Services: https://mainstreetbusiness.com/ Facebook:   / markkohler   Instagram: https://www.instagram.com/markjkohler... Threads: https://www.threads.net/@markjkohler X:   / markkohler   TikTok: https://www.tiktok.com/@markjkohler?l... LinkedIn:   / markjkohler   YouTube: https://www.youtube.com/markjkohler/f... LinkTree: https://linktr.ee/MJKYoutube If you liked the video, please give it a "Thumbs up!" and please subscribe and comment to see more! Follow me on Instagram, TikTok Facebook and Twitter @markjkohler #Taxes #avoidtaxes #paylesstaxes #wealth #tax #realestateinvestment #Markjkohler #KKOSLawyers #markjkohlerLIVE #Entrepreneur #rentalrealestate #taxplanning #smallbusiness #taxlaw #Trust #rentalrealestate #openforum #crypto #smallbusiness 00:00 Intro 01:07 Topic Overview 02:54 LLC: Best Starter 03:34 S-Corp: Saves Taxes 04:28 LLC: Convert to S-Corp 04:53 LLC and S-Corp: Middle Ground 07:54 S-Corp: Require Paperworks 08:13 LLC: Audit Risk 08:50 LLC: Two-member LLC 11:18 S-Corp: Minutes Paperwork 13:52 LLC and S-Corp: Set Up 15:02 S-Corp and LLC: Partnership Flaws 16:32 S-Corp and LLC: Work Together 17:26 LLC: Name Does Not Change 18:43 S-Corp: Self-Employment and Solo 401K 21:31 S-Corp and LLC Tag Team Against C-Corp 22:48 Dynamic of S-Corp, LLC, and C-Corp 25:37 Main Take-Away 27:05 Last Words 29:28 Outro