Own a business? What Entity Should You Choose?
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May 19, 2022

Listen to Jay Freeborne, E.A. and Stuart Bloomfield of WATAX discuss options for small business entity set-up (sole-prop, single-member LLC, multi-member LLC, S Corp, C Corp) and the tax implication of those decisions.

A few clarifying points from podcast: 1. We mention in video "S corp owner" can fund a 57k IRA, but this is only in situation where the owner ALSO sets up a SEP IRA for all employees as well (with different and lower IRA limits). 2. The C Corp tax rate is 21% not 22% as indicated!

Sponsored by Washington Tax Services WATAX, a staff of accountants and attorneys, has been solving tax problems for over 30 years. Call or email us a description of your tax issue at the below link and we'll get back to you ASAP.

1-888-282-4697 http://www.watax.com/get-help/contact-us

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