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 Sctc 111 Form 2020

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Instructions and help about Sctc 111 Form

so the llc is one of the most flexible business entity structures you can have because you can actually choose how you want it to be taxed and probably one of the most popular things to do with your llc is elect it to be taxed as an s corporation and this is something that many accountants and attorneys recommend but listen there are some major and i mean major disadvantages of s-corporations that many people don't talk about and sometimes i find myself having to tell new entrepreneurs no don't do it please don't do it because even though s corporations are very popular it doesn't mean that you should rush to become one so in this video what i want to do is cover the differences between a default llc and an s corp the major disadvantages of an s corporation and why you should wait to elect to become one and so if you watch this entire video until the end then i'm very confident that you're going to learn how to avoid some costly mistakes

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