Why would you use a corporation with your LLC? What are the benefits? This is a common question I receive from clients. The answer is simple: corporations (whether C-corps or S-corps) have a different tax code than individuals. We’re all familiar with the individual tax code: take what you earn, subtract taxes, then spend what’s left. For corporations, however, the tax code is flipped: take what you earn, subtract spending, then pay tax on what’s left.
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
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