What is an S-Corp and when do you need it?
I know that having a corporation can sound daunting, particularly if you’re a one-woman or one-man show.
Corporations can sound cold and big (and scary!), but there’s no need to be scared. Corporations can be a great option for solopreneurs, especially if you’re farther along with your business and your intuition tells you that you’re ready to “go pro”.
A fave of small business owners is the “S-Corporation”. I like to jokingly say the S stands for ‘small’. It doesn’t – it stands for Subchapter S of the Internal Revenue Code, but that’s way more boring, don’t you think?
S-Corps offer a lot of benefits, including the potential to save a significant money in taxes over time. (Cha-ching!) That’s one of the main reasons a lot of business owners elect S-Corp status. But, as with anything, there are pros and cons to having one.
In this week’s podcast, I break down the basics about S-Corps: What they are. Why you might need one. When a good time is to form one.
So take a deep breath, cast your corporate worries aside, light your Peace candle by Danielle LaPorte (one of the best!) and grab your headphones.
I promise I won’t make this corporate stuff boring.
Listen in to find out the pros and cons of having an S-Corp in Episode 13 on iTunes here. (Don’t have iTunes? Listen through my website here.)
In this episode, you’ll walk away knowing:
- What’s an S-Corp exactly?
- How an S-Corp can save money on taxes
- Whether it’s true that S-Corps are more work than LLCs
- The pros and cons of having an S-Corp
- Why you should thank the IRS for creating S-Corps (I’m not kidding!)
- When’s the right time to create an S-Corp
- Why I align S-Corps with the third eye chakra
All in less than 20 minutes.
And be sure to grab your Episode 13 Tip Sheet for bonus info. You can download it HERE.
Kudos to you for getting schooled in S-Corps!
Listen up! There’s only 11 days until the new GDPR Privacy Law goes into effect!
The GDPR (General Data Protection Regulation) is a new privacy law going into effect on May 25. 2018 – and it affects YOU even if you have just 1 person on your list or 1 client located in the EU.
That means you’ll need to make changes to your Privacy Policy pronto! Not sure what else you need to do? No worries, mate.
My legal wonder twin Gena Shingle Jaffe and I are holding a free webinar TOMORROW, Tuesday, May 15 at 2 pm to share exactly what you need to do.
You’ll also get our free GDPR Checklist to make it easy for you!
Here’s to feeling safe to step up to be more visible – and to getting up to speed about the GDPR!
