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

Many clients ask me whether they should form an S-Corp or an LLC. In this video I discuss the advantages and disadvantages of each type of business structure.

For more information, please visit me at http://www.IncomeTaxPreparation.com or
http://www.Atlanta--CPA.com or
http://www.Atlanta-Taxes.com or
http://www.SolvingTaxes.com. You can follow me on Twitter at http://www.Twitter.com/TaxMoneyAdvice. Visit our blog at http://www.AmericanAccountingServices.com

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[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.

[johnmillercpainc]

Great videos!

[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.

[MyAirhead1]

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

[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.