How to Win BIG at Business

The Business Structure Mistake Costing Entrepreneurs Thousands

Joe DiChiara Season 1 Episode 15

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0:00 | 34:01

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In this episode of How to Win Big at Business, Joe DiChiara, CPA, tackles one of the most expensive mistakes self-employed professionals make: choosing the wrong legal and tax structure.

Many entrepreneurs default into sole proprietorship or LLC status without understanding the long-term tax consequences.

Joe explains:

• Why 15.3% self-employment tax hits sole proprietors
• Why LLC does NOT reduce taxes by itself
• The difference between legal structure and tax classification
• When to choose an S corporation
• When a C corporation makes more sense
• How net operating losses work
• Why corporations are audited less frequently
• How to retroactively elect S or C status

With over four decades of experience serving self-employed professionals, Joe simplifies what most accountants overcomplicate.

If you're earning 1099 income, this episode is essential.

To book a discovery call:
www.timewithjoe.com

Thanks for listening!

If you want fewer headaches, fewer IRS surprises, and more smart systems running your business (so YOU don’t have to), let’s talk.

Book a strategy call: www.timewithjoe.com

Because running a business shouldn’t feel like wrestling an octopus… alone. 

Also check out:
www.Bedrock360BusinessSolutions.com (Complete Coverage)

www.Bedrock360TaxSolutions.com (Tax Gaurd 365) 

www.Bedrock360BusinessTraining.com (Courses)

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