Discover the tax workaround for LLCs: Electing S Corp status. Pay yourself a salary, and take the rest of the profit as a distribution, bypassing self-employment tax on distributions. #LLCTax #SCorp #SmallBusinessTips #TaxStrategy
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Discover the tax workaround for LLCs: Electing S Corp status. Pay yourself a salary, and take the rest of the profit as a distribution, bypassing self-employment tax on distributions. #LLCTax #SCorp #SmallBusinessTips #TaxStrategy