Many business owners are overwhelmed by the current marketing hype around S corporations, and it can be confusing to cut through the noise. I explain why, in certain cases, staying with a C corporation might be more beneficial. I also highlight key tax differences between the two corporate structures. From understanding flat corporate tax rates to the implications of double taxation, I break down the essential elements you need to consider. It's crucial to make an informed decision based on your business needs, and I encourage you to use this episode as a starting point for deeper research. Tune in as I clarify common misconceptions and provide actionable insights for your business's financial strategy.

What You'll hear in this episode:

[0:25] The Hype Around S Corporations

[0:50] Understanding C Corporations

[1:30] Tax Implications of C Corporations

[5:50] Double Taxation Explained

[6:10] Choosing the Right Business Formation

[7:50] Investor Considerations

If you like this episode, check out:

Why You May Want a C Corp in Your Business Structure

Simple S Corp Salary Guide for Beginners

S Corp Salary Explained Like a 3rd Grader

Want to learn more so you can earn more?

Visit keepwhatyouearn.com to dive deeper on our episodes

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Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/

The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.

Should I Be a C Corp or S Corp?