The Self-Employed Tax Guy's video: LLC or S-Corp When Should You Switch

$40,000 That's when some suggest that you make the switch from an LLC to an S-Corp. Some even suggest that you choose to be taxed as an S-Corp as soon as you start your business. However, I totally disagree. As a business owner, your goal, financially, should be to keep your bottom line as high as possible. And forming an S-Corp too soon could be dangerous to your overall financial health. In this video, I'm going to show you why. 📒 Show Notes and Resources 📒 👉🏽 Get Additional Resources 👈🏽 https://theselfemployedtaxguy.com/ ⚡️JOIN THE NO LLC NEED 5-DAY CHALLENGE: http://waitlist.nollcneeded.com My mission as The Self-Employed Tax Guy is to help 10,000 minority entrepreneurs build a business that will allow them to live the lifestyle of a successful entrepreneur. And by you watching this video, that is helping me achieve my goal, so thank you! Here are the ways to work with me: ⚡️FREE Business Blueprint: Learn how to start a business without an LLC: https://businessblueprint.theselfemployedbusinessacademy.com ⚡️BOOK: Avoid the financial mistake that is costing entrepreneurs thousands: https://protectyourprofits.theselfemployedtaxguy.com ⚡️THE COMMUNITY: Don't go at it alone! Join my exclusive online private community and Stay Connected with likeminded entrepreneurs just like you: https://theselfemployedtaxguy.com/community Connect with Tyrone Gregory on Social Media https://www.linkedin.com/in/tyronegregory/ https://twitter.com/TheSETaxGuy https://www.instagram.com/theselfemployedtaxguy/ https://www.facebook.com/TheSelfEmployedTaxGuy QUESTION — What videos would you like us to make on this channel? About this channel: Welcome to the Self-Employed Tax Guy's Channel! In each video, Your favorite uncle/cousin, Tyrone Gregory, does his best to share the importance of understanding all things that are happening in your business. These videos will teach you how to run the numbers, be aware of what's real and what's false and what you should be doing in your business. If you’re asking yourself how do I become successfully self-employed, then this channel is for you