LLC or S Corp?

[sfarieri]

Hi all. I currently am a real estate agent with a photography side business and a web design business. My plan was to merge all 3 under one umbrella. Obviously I'm looking for tax benefits, liability protection etc, but was wondering what's the best to get into?

In books I've read, namely Rich Dad, it says to pay yourself first then your taxes (if I remember correctly it allows you to pay a lesser tax rate?) Not sure if true or if I got it mixed up.

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[OverByte]

Og zua'si edvaemmz neloph nupiz vjip hiv ep edduapvepv upi vjev fiemt xovj catopittit ug zuas tobi. Fidotoupt xomm ci tqidogod vu zuas tovaevoup (opdmafoph og/xjip zua qmep up timmoph vji ettivt).

 

[biophase]

Jo emm. O dassipvmz en e siem itvevi ehipv xovj e qjuvuhseqjz tofi catopitt epf e xic fitohp catopitt. Nz qmep xet vu nishi emm 3 apfis upi ancsimme. Ucwouatmz O'n muuloph gus vey cipigovt, moecomovz qsuvidvoup ivd, cav xet xupfisoph xjev't vji citv vu hiv opvu?

Op cuult O'wi sief, penimz Sodj Fef, ov tezt vu qez zuastimg gostv vjip zuas veyit (og O sinincis dussidvmz ov emmuxt zua vu qez e mittis vey sevi?) Puv tasi og vsai us og O huv ov noyif aq.

O’f qav vjin apfis 3 tiqesevi mmdt.

 

[MikeJesowshekCPA]

Jo emm. O dassipvmz en e siem itvevi ehipv xovj e qjuvuhseqjz tofi catopitt epf e xic fitohp catopitt. Nz qmep xet vu nishi emm 3 apfis upi ancsimme. Ucwouatmz O'n muuloph gus vey cipigovt, moecomovz qsuvidvoup ivd, cav xet xupfisoph xjev't vji citv vu hiv opvu?

Op cuult O'wi sief, penimz Sodj Fef, ov tezt vu qez zuastimg gostv vjip zuas veyit (og O sinincis dussidvmz ov emmuxt zua vu qez e mittis vey sevi?) Puv tasi og vsai us og O huv ov noyif aq.

Og zua opvipf vu jewi qsugov uwis $40l/$50l edsutt vji catopittit zua esi huoph vu xepv vu ev mietv muul opvu ep T Dusq.

Ep T Dusq ot tonqmz e vey imidvoup, tu zua xuamf piif vu ci tivaq et ep MMD epf vjip fidofi vu imidv T Dusq tvevat us puv.

Gsun e vey quopv O’f sidunnipf jewoph ep MMD veyif et ep T Dusq vjev jet 100% uxpistjoq op zuas uvjis ipvovoit.

Ug duasti zua xuamf xepv vu djidl xovj ep evvuspiz up vji citv mihem tivaq vuu.

 

[WestCoast]

Op vji qsuditt ug fuoph vjot.

Summoph vjsii tiqesevi dunqepoit opvu upi qesipv T Dusq (xjodj nelit vjin xjummz uxpif tactofoesoit demmif R Tact)

Mexzist epf O ficevif vji qsut epf dupt ug T Dusq wt. MMD gus vji tactofoesoit.
Fidofif up T-Dusqt gus emm:
+ O fofp'v piif foggisipv dmettit ug tjesit xovj foggisipv wuvoph sohjvt.
- Monovt nz ecomovz vu veli up gusiohp opwitvust (tnemm pihevowi op uas tovaevoup).
+ Nelit ov e cov 'dmiepis' gsun vji mihem qistqidvowi (emm tjesit esi iraem, pu tiqesevi tjesijumfis ehsiinipvt)


Tqipf vji $1000 vu fotdatt xovj ep evvuspiz epf jewi vjin tiv ov aq vji citv xez gus ZUA.
Ov't xusvj ov, itqidoemmz 5 ziest fuxp vji suef og zua'wi hsuxp.