5.3 | To LLC Or To S Corp, That Is The Question with Brandon Trammell

Should I form an LLC?  What are the pros and cons of an S Corp?  Or C Corp? How does that affect how I pay taxes? I get this question from so many entrepreneurs. And to answer the question property, you first have to consider your business goals. Secondly, you have to differentiate between a corporate structure (LLC) and a tax entity (S Corp). To make this all much clearer, I invited Brandon Trammell--author, podcast host and financial advisor/insurance agent--to speak on the pros and cons of each. Brandon's career in financial services has spanned 15+ years. His firm, Purpose Financial & Insurance Services, was born in 2018 out of a desire to serve in a way that seemed to be missing from the industry; empowering community members with critical knowledge so they may take charge of their financial lives.  in this episode, Brandon walks you through: What a pass-through entity is and why it's important; The questions to ask yourself when choosing a corporate structure; The value of understanding the difference between ordinary and necessary business expenses when adding up your deductions. There's no better time that to dive into this than during tax season, {{contact.first_name}}.  Follow Brandon on YouTube or to his website. Access his book, Leave It Better - A Financial Blueprint: How Savvy Business Owners Use the Tax Code to Grow Wealth And Leave a Lasting Legacy. Download my 3-session money magnetism activation, PROSPER, to increase your financial confidence and cash flow:  https://ishavela.com    Apply to book your free financial strategy session: https://vortex-financial.ck.page/71853aa421   Apply to join our team of wealthy witches empowering conscious wealth: https://docs.google.com/forms/d/e/1FAIpQLScjU5QXtEnJiBA6kNK46JB4C9M5zJGOHhY2RsZJXwK66gYqjQ/viewform   Access free content on my YouTube channel: https://www.youtube.com/@isha_vela   Follow me on IG:  https://www.instagram.com/isha_vela