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    s-corp

    Explore "s-corp" with insightful episodes like "61-When is an S-Corp a Bad Idea?", "Freelancers and Financial Crimes", "Sharon L. Tasman: Empowering Entrepreneurs with Legal Expertise", "25-How to Pay Yourself from Your Business - Salary vs Owner Distributions vs Profit" and "10 Factors in Choosing a Business Enitity" from podcasts like ""Coaches, Consultants, and Money", "Freelance Road Trip Podcast", "MIKE'D UP! with Mike DiCioccio", "Coaches, Consultants, and Money" and "Adam Abrahams - The Legal Tax Junkie"" and more!

    Episodes (9)

    61-When is an S-Corp a Bad Idea?

    61-When is an S-Corp a Bad Idea?
     
    In this must-listen episode, we delve into the crucial decision of converting your business to an S-corp. Is it the right move for your business in its early years? What about as you approach retirement? Plus, we explore the implications for those juggling a W-2 job alongside their consulting gig.

    Diving into:
    • Early-stage business and S-corp advantages
    • S-corp considerations for pre-retirement planning
    • Balancing a W-2 job with an S-corp structure
     
    Related episodes:
    55 - 3 Things You Need to Change When Becoming an S-Corp-  https://www.ericagoode.com/podcast/ep55
    25 -  How to Pay Yourself From Your Business: Salary vs Owner Distributions vs Profit - https://www.ericagoode.com/podcast/ep25
    21 -  What's an S-Corp and When Should I Become One? - https://www.ericagoode.com/podcast/ep21
     

    Connect with Erica:

    Freelancers and Financial Crimes

    Freelancers and Financial Crimes

    A new reporting requirement affecting LLCs and s-corps — small and independent businesses legally registered with their secretary of state — is coming your way in 2024. The Corporate Transparency Act establishes a federal database of beneficial owners of small businesses with under 20 employees, including microbusinesses and freelancers. The database is overseen by the Financial Crimes Enforcement Network of the Department of the Treasury. My goal in this episode is to educate you regarding this new law, why it was implemented, and the information you need to supply if you’re an LLC or corporation.

    Sharon L. Tasman: Empowering Entrepreneurs with Legal Expertise

    Sharon L. Tasman: Empowering Entrepreneurs with Legal Expertise

    I’m thrilled to welcome Sharon Tasman, founder of HTBiz Law to the show! With over 30 years of experience, Sharon is a powerhouse business and tech attorney dedicated to serving solo and small business owners.

    At HTBiz Law, Sharon brings the expertise of a global firm with the personal touch of a boutique practice. She's passionate about empowering women, BIPOC, and underserved entrepreneurs by providing accessible, non-intimidating legal services.

    Sharon has a cumulative deal portfolio of over $6 billion and has been published extensively on key legal issues facing startups and small businesses. Her mission is to equip entrepreneurs with the legal knowledge to safeguard their interests and thrive.

    We discuss the top legal concerns that small business owners face today and how Sharon helps clients overcome hurdles with tailored solutions. I learned a lot from her wealth of experience that is empowering entrepreneurs!

     

    Connect with Sharon:

    YouTube

    Instagram

    TikTok

    LinkedIn

    Facebook

    Website

     

    Connect with Mike:

    Linktree

     

    Produced by Social Chameleon

    Interview Recorded via Riverside.fm

     

    Mike’D Up! Merch

    25-How to Pay Yourself from Your Business - Salary vs Owner Distributions vs Profit

    25-How to Pay Yourself from Your Business - Salary vs Owner Distributions vs Profit

    Today I’m sharing the short-but-sweet answer to a question that is on EVERY new business owner’s mind: “How do I pay myself?

    It’s really not a complicated answer, but here it is:

    How you pay yourself from your business depends on how your business is structured (legally) and taxed (by the IRS)

    I'll talk through:

    • How to take an owner distribution

    • How frequently I recommend paying yourself

    • Paying yourself as a sole proprietor vs an LLC vs an S-corp

    *****

    And if you need a refresher, here are 2 episodes I refer to in the show:

    1. 4 - LLCs and EINs

    2. 21 - What’s an S-Corp and When Should I Become One?

    Find complete show notes here 

     

    Connect with Erica:

     

     

    10 Factors in Choosing a Business Enitity

    10 Factors in Choosing a Business Enitity
    10 Factors in Choosing a Business Entity.

    If you're forming a business entity, congratulations! There’s more than just filing your one-page document with the government, setting up your website, and waiting for customers! The type of business entity should fit your particular set of business circumstances. Failure to understand the effects of a particular entity choice and can have adverse consequences for your business. In this episode, I discuss the Top 10 Factors in choosing a business entity.

    Choosing an Entity for Your Side Hustle

    Choosing an Entity for Your Side Hustle
    If you are ready to make your side hustle a business, it is critical to choose a formal business entity to protect you from liability. Author, columnist, and business owner Chris Corosa explains why every business needs liability protection, how your income and tax status impact your choice of entity, and how he has personally navigated entity decisions throughout his career.

    Choosing an Entity for Your Side Hustle

    Choosing an Entity for Your Side Hustle
    If you are ready to make your side hustle a business, it is critical to choose a formal business entity to protect you from liability. Author, columnist, and business owner Chris Corosa explains why every business needs liability protection, how your income and tax status impact your choice of entity, and how he has personally navigated entity decisions throughout his career.

    Access our full library of podcasts for small businesses
    https://www.bizfilings.com/toolkit/guides/podcasts

    209: So you set up an Entity- What next?

    209: So you set up an Entity- What next?

    Join Mark and Mat as they break down all of the steps of maintaining your LLC or S-Corporation. Whether its a brand new entity or you've been operating for years, there are basic procedures you should be following to get maximum asset protection and tax savings. More info at www.refreshyourwealth.com .

    140: The Power of the S-Corp - Don't be Misled

    140: The Power of the S-Corp - Don't be Misled

    Be careful to click with a mouse and think you have the right entity, an S-Corporation could be the perfect choice and you might not even know it. In this show, Mark and Mat break down all of the pros and cons of how, when and why to use an S-Corporation. There are so many options when structuring your business and understanding the benefits of an S-Corporation - which could save you thousands in the short AND long-run. This is a show you won't want to miss!http://www.refreshyourwealth.com

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