Protect Yourself From Your LLC. How To Save On Your LLC Taxes

Protect Yourself From Your LLC. How To Save On Your LLC Taxes. Annual Meetings, Board Meetings mean you are in business. Opus Virtual Office give you a Business Phone and a Fax Number are Included. Get the $99 Special from Opus Virtual Offices: https://www.opusvirtualoffices.com/ida/idevaffiliate.php?id=688_2_3_6 . Promo Code YG1 to get $100 off setup fee.

An LLC is a pass through tax problem. Most people realize a business does create tax advantages. However, once you reach about $40k in profit you start paying way to much in taxes. You should consider electing an S-Corp for Federal tax purposes. I go over this and much LLC means you pay 15.3% in self employment taxes. Simple example is $100k profit means you pay $15,300 in self employment taxes alone. However 40/60 split where you have $40,000 on wages means your self employment tax dropped to approximately $6500. Huge savings and you use the extra money to create wealth. Find out more in the video at the bottom of the page or go here: https://youtu.be/ueD_RrFi9pk

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