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Unpaid Corporation Form

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hi lee phillips here i want to talk about how to take a distribution out of a corporation or an llc the word distribution implies pretty much says that we are dealing with a subchapter s entity that's an llc taxed under subchapter s of the irs code or a corporation taxed under subchapter s of the irs code everybody calls that a subchapter s corporation and they confuse it a lot and they say that i have a subchapter s corporation llc no you have an llc text under subchapter s if it's taxed under chapter c and you can either have a corporation or an llc taxed under chapter c then you don't pay a distribution you pay a dividend big difference double taxation bad news but let's go back and look at the distribution the advantage is and we've got other youtubes on this if i send a distribution to myself out of the llc then on that i do not have to pay any self-employment if i compute any of th

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