In this video I cover when, why, and how to convert your LLC or Corporation over to S-Corporation taxation.

Special Offers
🧾Get CFO Help: https://pinewoodfs.com
🧾Sell a Business: https://pinewoodadvisors.com
💳AMEX Platinum Business http://refer.amex.us/CHADP1XYH?XLINK=...
💵 Get Payroll with Gusto ($300 Bonus!): https://gusto.com/r/chad2248

My Social Media Channels
😊Instagram:   / chadcpatax  
🔥TikTok:   / chadcpatax  

Topics this Video Covers

* S-Corporation Taxation can provide big tax benefits to owners compared to C-Corp, Single Member LLC, or Multi Member LLC (Partnership) Taxation
* The “S-Corporation” is not a separate legal entity. It is either an LLC or a Corporation, that has elected “S” Tax Treatment
* You can elect “S Corp” tax status for any future year (and some past or current years) if your entity is eligible
* Election is as simple as faxing a timely Form 2553 to the IRS
* Additional filing requirements, shareholder limitations, state recognition (or not), state pass-through tax, and other general formalities, costs, fees, for maintaining an S Corporation