Tax Benefits of LLC vs. Sole Proprietor vs. S-corp - How does the LLC save taxes

In this video, I'm covering 3 tax benefits of LLC and explaining how the LLC "saves taxes." In the process, we'll also be explaining tax benefits of LLC vs Sole Proprietorship and the tax benefits of LLC vs S-corp; because the truth is the LLC is a disregarded entity and can only be taxed as a Sole proprietor OR s-corp. Download the Business Spreadsheet Template here: https://www.amandarussell.mba/ MORE ON THESE TOPICS: 1. How to Pay Myself in My Business (Owner Pay Part 1): /watch/0lyJGFIfPV0fJ 2. 4 Tax Strategies for Paying Yourself (Owner Pay Part 2): /watch/UeoX9K6O8bvOX 3. S-Corporation Tax Savings Calculator /watch/AFkI4MNjuqUjI 4. How to Best Structure Your Business With Your Spouse! /watch/YqsslXRnExJns FILING YOUR TAXES ONLINE FOR FREE!: - STEP-BY-STEP TUTORIAL: Filing your taxes for free in any situation /watch/k2T1iLzvmtnv1 - STEP-BY-STEP TUTORIAL: How To File a 1099 Online For FREE /watch/Y6_PVO0f-OAfP - STEP-BY-STEP TUTORIAL: Home Office Tax Write-off - Worksheet for tracking /watch/k-OBkL_7-oF7B To really understand how the LLC works, check out some of the other videos I recommend: 1) How Businesses Are Taxed: Legal business types & Tax business types /watch/YZPx2poQzq8Qx 2) Sole Proprietor vs. LLC vs. S-corp: /watch/IJ__0p1viCtv_ 3) How am I paid in a multi-owner LLC? /watch/s01=t&oAfdtdKK6ZDK=

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