LLC vs S Corp: When NOT TO BECOME an S-Corporation

LLC vs. S corp, whats better, and LLC or s-corporation or sub chapter s. https://feedbackwrench.com here at feedbackwrench, we get questions every day about whether someone should be an LLC taxes or sole proprietor, or if they should convert to an S corp through an S election. there are a couple of bottom-line reasons why you should not become an S corp and this video walks you through precisely when you should avoid becoming an S corp. remember, you won't want to become an S corp unless the tax benefits you receive are better than the cost for compliance. this video tells you two reasons you should not become an S corp and will help you understand how to make the right decision when deciding what kind of business entity you become.