The Profit Priority Podcast

019. S Corps Explained: The Good and the Bad of Electing to File as an S Corp

February 02, 2023 LoriAnn Kuntz
The Profit Priority Podcast
019. S Corps Explained: The Good and the Bad of Electing to File as an S Corp
Show Notes

S Corps are a great strategy, however they can be done too quickly. I've seen many businesses elect too early or too late to be an S Corp, so you want to make sure you know how it will impact your business. If you're thinking, "What even IS an S Corp?!", don't worry. Today we're going over what an S Corp is, how it changes the structure of your business and your books, and an example of how it can save you money.

What's in the episode:

  • What is an S Corp? [01:27]
  • The benefits of filing as an S Corp [04:49]
  • The cost of filing as an S Corp [08:23]
  • The importance of bookkeeping [11:28]


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