Episode 19: S Corps Explained: The Good and the Bad of Electing to File as an S Corp
S Corps are a great strategy, however they can be done too quickly. I've seen many businesses elect too early or too late to be an S Corp, so you want to make sure you know how it will impact your business. If you're thinking, "What even IS an S Corp?!", don't worry. Today we're going over what an S Corp is, how it changes the structure of your business and your books, and an example of how it can save you money.
What's in the episode:
What is an S Corp? [01:27]
The benefits of filing as an S Corp [04:49]
The cost of filing as an S Corp [08:23]
The importance of bookkeeping [11:28]
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