#173: What Is The Difference Between An S Corp And C Corp? Cultivating Business Growth podcast

Content provided by Megan Spicer and Willow Virtual CFO. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Megan Spicer and Willow Virtual CFO or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Cultivating Business Growth »
#173: What is the Difference Between an S Corp and C Corp?

8d ago 34:13

MP3•Episode home

Choosing the right entity taxation is not just a startup decision, it's a lever that can create or erase six figures as your business grows. In this episode, Jaime and Katina discuss the difference between an S Corp and a C Corp, how LLCs fit into the picture, and why entity choice should be reviewed over time, not just once when you file paperwork.

Katina explains the tax implications of each structure, including when C Corp double taxation is actually worth it, how reasonable compensation works for S Corp owners, and the five-year lock-in rule when switching. We also talk about the types of businesses that should consider each approach and why service-based businesses often start with S Corp but shouldn't assume they'll stay there forever.

If your business has grown and you've never re-evaluated your entity structure, this episode will help you know what to revisit with your CPA or CFO.

This episode is for educational purposes only and not legal or tax advice.

174 episodes

#Entrepreneur #Business #Megan Spicer #Businessgrowth #Lifestyle #Worklifebalance #Willow Virtual CFO #Profit