When to Switch to an S-Corp (And When NOT To)

LLC vs S-Corp vs Sole Proprietorship — which business structure saves you the most in taxes, protects you from liability, and sets you up for retirement? CPA Daniel breaks it all down.In this video, I sit down with Daniel the CPA to cover everything business owners need to know about structuring their business the right way — especially if retirement is on the horizon. We cover:LLC vs S-Corp vs Sole Proprietorship: which one is right for youHow to pay yourself as a business owner (and why it matters for qualifying for a mortgage, saving for retirement, and maximizing Social Security)Liability protection strategies that most small business owners overlookTax savings strategies a CPA actually recommendsHow your business structure today affects your retirement income tomorrowThe mistakes Daniel sees business owners make over and over againWhether you're a business owner in your 30s just getting started or in your 50s and 60s planning your exit, this conversation gives you the CPA perspective most people never hear.🔷 WORK WITH US:📌 CPA Help From Daniel:https://danielthecpa.com/📌 Medicare Help:https://theretirementnerds.com/📌 Financial Planning & Social Security Strategy:https://capitafinancialnetwork.com/📌 Estate Planning:https://easylegalplanning.com📌 Subscribe for more retirement clarity — no fear, no fluff, just facts:https://www.youtube.com/@Theretirementnerds?sub_confirmation=1🔷 MORE VIDEOS WITH DANIEL:https://youtu.be/G1Dc6gVv90ghttps://youtu.be/aI3TBDkBMbU===============================================Join our newsletter for monthly tips, book recommendations, and personal stories!https://theretirementnerds.com/newsletter/===============================================⏰ TIME CODES ⏰0:00 Intro1:48 Business Structures3:14 Paying Yourself Properly10:17 S-Corp vs Others6:02 Goals Shape Structure17:57 Loans & Personal Guarantees20:08 Selling & Acquiring Businesses17:17 Write Offs32:37 Common Write Off Mistakes24:50 Realities of an Audit41:38 When to Bring In a CPA45:35 Accounting Myths49:20 Ranking Tax Advice53:24 Valuable Tools for Business Owners55:20 Where to Get Help=============================#medicare #theretirementnerds #socialsecurity #retirementnerds #finance #businessowner #taxes #tax PLEASE NOTE: This video is for education purposes only.It does not constitute legal or tax advice for your specific situation.