61-When is an S-Corp a Bad Idea?

Consultants and Money

Jan 23, 2024•9 min•Season 1Ep. 61

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Episode description

Get my Monthly Newsletter here In this must-listen episode, we delve into the crucial decision of converting your business to an S-corp. Is it the right move for your business in its early years? What about as you approach retirement? Plus, we explore the implications for those juggling a W-2 job alongside their consulting gig. Diving into:

Early-stage business and S-corp advantages
S-corp considerations for pre-retirement planning
Balancing a W-2 job with an S-corp structure

Related episodes: 55 - 3 Things You Need to Change When Becoming an S-Corp- https://www.ericagoode.com/podcast/ep55 25 - How to Pay Yourself From Your Business: Salary vs Owner Distributions vs Profit - https://www.ericagoode.com/podcast/ep25 21 - What's an S-Corp and When Should I Become One? - https://www.ericagoode.com/podcast/ep21

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