S-Corp or LLC - Which is Better? (By John M Miller, CPA)

[richie1701d]

Thank for the info. You explained it well and now I understand it better

[dagmawigedion007]

The information was very helpful,



[NOVALUV1]

Hi John thanks for the video ,very informational...im getting my general contractors license and would like my company to be an LLC. So my question is can i still have the word "inc" in my title if its Licensed as an LLC? so for example my lastr name then "inc" at the end...? i appreciate yout help..

[profetik777]

Thanks for the vid, very helpful

[mannylopez]

how about if i made 250,000.00 a year and im a 1099 with no expenses which would be better for me an s corp or just to file a schedule c

[damarcuswilson]

Are you licensed in Illinois?

[thatsigor]

quit spamming this crap and quit posing dumb ass.

[HD101PRODUCTIONS]

Can I hire an employee or a self-employed as LLC?

[werty302]

you would look a lot better if you shaved your heard.

[johnmillercpainc]

I will be happy to be your accountant. Thank you for the great comment! You can reach me at (770) 419-3399. My email address is johnmillercpa@gmail.com. I look forward to working with you.

[trafficnuts]

Y U NO BLINK?

[synon9m]

Great video John. I've talked to a few attorneys about changing my sole prop architect biz,  they recommend S-Corp or ever PC. My biz income is SO small, and right now it's not even my primary source of income. I want to change the name and want a simple pass thru org with the same low-cost accounting and book keeping. Is that wrong? Why do the attorneys keep pushing S-Corp? Can I start as LLC and change later?

[johnmillercpainc]

Great videos!

[mskeekee101]

This info was precise and clearly understood, that was exactly what i needed. thanks for your expertise. I am starting a gaming social club for men, all the proceeds will go back into the club to improve our facilities, obtaining a function hall, vehicles, entertaining the members and assisting in our community, would I be considered a business or an organization? Would that still be an LLC?

Also, I wanted to know, if I had female volunteers as servers, can they accept tips?

[skyflyerfour]

JOhn,Are interns and volunteers(free workers) classified as employees?

Can I pay myself a minimal salary or no salary at all. Because what ever I pay myself I will be putting right back into the company.

Can I pay for my minimal salary, volunteers and interns to recieve medical insurance? email: helicopter9@msn.com

[skyflyerfour]

JOhn,

Can a c corp pay its employees with shares instead of dollars Like bill gates compensated his employees with stock in Microsoft.

And if i set the stocks to 10,000 shares at ,01 par value, is that allowed?

Can I contractually require employees to not sell the shares unless it is sold exclusively back to the company? And does the employee get taxed on the price of the shares if they have not sold them?

[UploadingRaw]

Ur funny looking

[SelectPlay]

Thanks John. Like to see straight talk.

[Cordel311]

Really interesting video, Thanks John.

[KirillRealtor]

Good job

[QualityTimeChannel]

Very helpful, thank you!

[hesh2]

do clothing lines have to get a llc or s-corp if its a partnership

[patrikster]

You really do look like Ted from Scrubs o.O

[sherpadoody]

this is incredibly helpful John. Thanks for sharing and keep it coming!

[shoopdasandwhich]

You know big words AND watch the Yogscast!

[KarstenOkk]

@shoopdasandwhich Thats probably just advertizing.

[MyAirhead1]

You were a lot of help, Keep up the good work!!!!!

[pakimanuma]

if i have a LLC already but had form another company name within the same kind of business. example abc mortgage LLC but now been using abc realty would I have to reform a new llc to cover abc realty?

[yetimichael]

You look like that guy from Scrubs...

[KarstenOkk]

@yetimichael HAHA UR RIGHT

lololol epic ted.

[dpe1969]

I am considering starting a partnership with three colleagues, and we will be pursuing revenue through government contracts (receiving money to perform services for the government). At first, we'll be equal partners, but we may want to add other partners later. Do you recommend we establish an LLC or S Corp?

[johnwmusik]

good stuff!

[delux8]

Thanks for all the great tips!! Very nicely done. My wife and I make around 200,000 per year at our 9-5 jobs and want to start an online business selling merchandise mainly for tax benefits at first, but hopefully to grow into something. What do you recommend between LLC and S corp for overall tax benefits in the first few years?

[jaymeez]

GREAT VID!!!

[24CharlieHorse]

You say selling services or merchandise please expand because I plan on doing both.

[ibunnymiami]

If I form an LLC and the company isnt making enough money to provide me personally with income am I allowed to file for unemployment while the LLC is active?

[ibunnymiami]

Nice video, very easy to understand :) Now I know what to do.  Thanks John!

[jesslu]

So helpful! Clear and concise - answered most, if not all, my questions. Thanks!!!!

[kumquatsta]

great video. very helpful and thorough. if i am small self funded startup that does not to expect to earn much if any profit for the foreseeable future, which entity, an llc or s corp is cheaper to "keep alive," such as annual franchise tax etc.?

[MusicScout]

Thank you. Very helpful.

[shaggylocs7]

{{✡Shaggy✡קדש✡Locks✡ = 5✡✡☆✡✡ }} ... i'm trying to start a S-corp.

[qwertyifgifstif12]

Great info John!! I like your voice, so it makes it easier for me to listen to you! :)

[robinarielmedia]

Thanks John appreciate the info

Robin Ariel Ross St Claire Holgate

Singer/Celebrity

[RstarNavaja]

what if theres only expense and very little or negative income?

[johnmillercpainc]

@RstarNavaja Start with the LLC until your net income exceeds approximately $40,000. At that time, you would want to switch over to the S-Corp. However, if your are already an S-Corp, then leave it. It would be complicated to change it. However, you do not need to pay yourself a salary if the company is not making money. You can do that later when the company becomes profitable.

[RstarNavaja]

@johnmillercpainc great info! people pay big bucks for this type of info! thanks John!