Schedule a FREE CALL with a Tax Professional : https://go.truic.com/3VWWIzt
(See how much you could save on your 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.

💼 For LLC 25% 𝗗𝗶𝘀𝗰𝗼𝘂𝗻𝘁 link - https://go.truic.com/3RUammE
Fees are as follows $29 + state fee + $25 for BOI (this is optional but recommended as failure to do so can result in a fine of $500/day)

🏆 For S-Corp 25% 𝗗𝗶𝘀𝗰𝗼𝘂𝗻𝘁 link -https://go.truic.com/3ZSADnf
Fees are as follows $89 + state fee + $25 for BOI (this optional but recommended as failure to do so can result in a fine of $500/day)

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.

🧮 To see how much you can save by forming an S corp check out our Scorp calculator:
https://howtostartanllc.com/form-an-l...


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

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🎥 S Corp vs LLC
   • S Corp vs LLC  (Should you choose an ...  

📝 What is an S Corp written guide:
https://howtostartanllc.com/what-is-a...

#scorp #distributions #taxes