Don’t know the difference between C-Corp and S-Corp? Don’t worry, our tax expert, Chris, breaks it down. 😌 https://intuit.me/42WlKCc | Intuit TurboTax
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What is the legal business structure of your holding company? An S-Corp, a C-Corp, or an LLC? #businesscoach #financialfreedomcoach #getupleveled #llc #taxplanning #HoldingCompany #LLC #SCorporation SF0030 | Uplevel Entrepreneur
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Here’s how S-Corp saves me money on Taxes. My subsidiary LLC makes money by selling a product, but it passes money to my holding company. This holding company collects all my money. This way, I can take advantage of the S-Corp pass-through tax benefits by paying myself a distribution and a salary. However, setting up an S-corp can feel like a complicated process. You've got to create a payroll account, put yourself on payroll, put money in the payroll account and file an additional tax return. I
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