5.3 | To LLC Or To S Corp, That Is The Question with Brandon Trammell
Description
Should I form an LLC?
What are the pros and cons of an S Corp?
Or C Corp?
How does that affect how I pay taxes?
I get this question from so many entrepreneurs.
And to answer the question property, you first have to consider your business goals.
Secondly, you have to differentiate between a corporate structure (LLC) and a tax entity (S Corp).
To make this all much clearer, I invited Brandon Trammell--author, podcast host and financial advisor/insurance agent--to speak on the pros and cons of each.
Brandon's career in financial services has spanned 15+ years.
His firm, Purpose Financial & Insurance Services, was born in 2018 out of a desire to serve in a way that seemed to be missing from the industry; empowering community members with critical knowledge so they may take charge of their financial lives.
in this episode, Brandon walks you through:
What a pass-through entity is and why it's important;
The questions to ask yourself when choosing a corporate structure;
The value of understanding the difference between ordinary and necessary business expenses when adding up your deductions.
There's no better time that to dive into this than during tax season, {{contact.first_name}}.
United States
