When your LLC should become an S corp

Name: When your LLC should become an S corp
Duration: 50 s
Description: If you're paying a lot in self-employment tax as a single-member LLC, it might be time to shift to an S corp.

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Making good money as a single-member LLC? That self-employment tax line on your Schedule C might be a shock. TJ explains the different types of LLCs, how they're taxed, and the income threshold where switching to an S corp starts making sense.

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