LLC vs S-Corp: Choosing the Right Business Structure with CPA Joseph Anderson

Welcome to the latest episode of “Meaningful Dividends”! Dive into the key differences between LLCs and S-Corps with Joseph Anderson, a CPA from Duality Accounting. Discover how to choose the best business structure for your needs, as Joseph explains the tax implications, ownership flexibility, and practical considerations of each entity. Learn about the default tax treatment for LLCs, the option to elect S-Corp status, and the importance of paying a reasonable salary as an S-Corp owner. The discussion highlights the importance of consulting with tax professionals to make informed decisions that align with your business goals and strategy.