The Abundant Beans Blog
To S Elect or Not to S Elect? That is the Question…
Once a week I field a telephone call from a small business client, acquaintance or a high school friend about electing S Corporation status on their single member LLC (Schedule C). Someone, usually their Uncle Joe, Sister Jane or some other business owner, told the caller that they will save so much money in taxes with an S election.
“Is that TRUE?!” they always ask me. In true CPA fashion my answer is…Read More