How is my business taxed? And how do I get paid?

In this video, we will explore the different types of business entities - LLCs, Partnerships, S Corps, and C Corps - and discuss how each is taxed. We will also dive into the various ways owners of these entities can get paid, examining the different methods of owner compensation. Understanding how these business structures are taxed and how owners are compensated is crucial for anyone looking to start or invest in a business. Join us as we break down the complexities of business entities and owner compensation in a clear and concise manner.

Stay tuned for valuable insights and practical tips on optimizing your tax strategy and maximizing your earnings as a business owner.

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Timestamps
01:01 How is each entity taxed? And how does each owner get paid?
01:17 LLCs can be like any of the other entities.
01:55 LLCs & Sole Proprietorships
02:39 Partnerships
04:46 C Corporations
06:41 S Corporations

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About us. Kimberly Ferguson is the face behind Emerald Expectations Accounting. She has a Bachelor’s Degree in Business Management, a Master’s Degree in Accountancy, and is an Enrolled Agent with the IRS. She is also a Certified CFO through the CFO Project. Founded on the principles of Integrity, Respect and Excellent Customer Care, Kimberly started her company because she hated the way she saw her clients being treated while working at another accounting firm. She wanted to serve small business owners in a way that actually made a difference in their lives.

-- DISCLAIMER – Kimberly Ferguson, Emerald Expectations Accounting LLC and related parties do NOT provide tax, legal, or accounting advice. This content has been prepared for information purposes ONLY and is not intended to provide and should not be relied on for tax, legal, or accounting advice. Viewing this video does NOT create an accountant-client relationship with Kimberly Ferguson or Emerald Expectations Accounting. You should consult your own tax, legal, and accounting advisors for professional advice.

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