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Unpaid Corporation  Form

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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