3 Mistakes to Avoid if You’re Self-Employed

Being your own boss comes with flexibility and freedom... but it also comes with the responsibility of figuring things out on your own. In this episode of Couchside Conversations, financial advisors Kevin Rex and Mike Rudow break down three of the most common (and expensive) mistakes they see business owners make. Tune in if you're interested in…• Choosing the right entity structure (LLC, S Corp, C Corp) for your goals• Understanding how to pay yourself in the most tax-efficient way• Balancing salary vs. distributions and avoiding costly IRS mistakes• Exploring retirement strategies designed specifically for business owners• Learning how to build a business that supports your long-term goals*SUBSCRIBE*YouTube: https://www.youtube.com/@modearnbymorton *FOLLOW*Instagram: https://www.instagram.com/modearn_by_morton/ *CONNECT*with Kevin on LinkedIn: https://www.linkedin.com/in/kevin-rex-morton/with Mike on LinkedIn: https://www.linkedin.com/in/mrudow1/*VISIT*our website to learn more about us: https://www.mortonwealth.com*ABOUT US*Let us introduce ourselves! We are Modearn™, a platform that provides proactive and creative financial advice for the next generation of earners out there. Because the truth is, you shouldn’t have to wait until you’ve already accumulated your wealth to get solid financial advice. Besides, research has shown the younger you start to invest and plan for your future, the more successful you will be in the long run. That’s why we created Modearn™, an offering powered by Morton Wealth that will remind you of a concierge doctor, but with planning and advice sprinkled in throughout the year. We will be there when you need us. *SCHEDULE* an introductory call with a Modearn™ advisor: https://www.mortonwealth.com/services/modearnInformation presented herein is for discussion and illustrative purposes only and is not intended to constitute financial advice. The views and opinions expressed by the speakers are as of the date of the recording and are subject to change. It should not be assumed that Morton will make recommendations in the future that are consistent with the views expressed herein. These views are not intended as a recommendation to buy or sell any securities, and should not be relied on as financial, tax or legal advice. You should consult with your finance professional, accountant, or tax professional before implementing any transactions and/or strategies concerning your finances.#businessowners #businessownertips #financialadvisor #financialplanning