If you’re a small business owner, you’ve might have heard the phrase, ‘S Corp’ being tossed around every now and then. Once you heard the phrase, which stands for Subchapter S Corporation, you then probably wondered what it means, how it could benefit your business, and if you’d even qualify for the tax designation.
There are a lot of misconceptions surrounding S Corps, so in this episode we’re here to dispel any rumors and clear any confusion by diving into:
* How to weigh the pros and cons of the status.
* What to do if you’re interested in becoming an S Corp
* How an S Corp status will affect your taxes at the end of the year.
I’m really looking forward to helping you unpack S Corp status and decide if it’s right for you and your business, so after you listen to this week’s podcast, let me know what you think!
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Little Fish Accounting presents Build To Enough. The pursuit of endless growth and scaling can leave entrepreneurs feeling burned out and unfulfilled. This podcast explores how to build sustainable, purpose-driven businesses that align with your lifestyle and values, rather than defined by rapid expansion alone. On this show, we’ll reframe definitions of success, provide strategies for structuring companies around desired lifestyles, and share stories of entrepreneurs finding deeper fulfillment by focusing on “enough.” Join us as we discuss moving off the hamster wheel and building businesses with balance and meaning.