In this episode of FIN-LYT by EWA, Matt Blocki and Jamison Smith dive deep into a critical topic for entrepreneurs and professionals alike: business entity structures.
Choosing the right business structure can impact your taxes, liability protection, administrative burden, and long-term wealth-building opportunities. Matt and Jamison walk through the pros and cons of sole proprietorships, multi-member LLCs, partnerships, S Corporations, and C Corporations. Whether you're starting a new business, managing a side hustle, or preparing to sell a company, understanding these structures can help you avoid costly mistakes and maximize financial efficiency.
They break down real-world examples of when a sole proprietorship makes sense (and when it doesn’t), how LLCs provide flexible protection without unnecessary complexity, and why S Corporations might save you taxes. They also highlight when a C Corporation could be the best option.
From minimizing self-employment taxes to optimizing retirement plan contributions and preparing for an eventual exit, this episode equips you with the essential knowledge to choose (or rethink) your business entity structure based on your goals.
No matter if you're a physician with consulting income, an entrepreneur scaling a startup, or a seasoned business owner preparing for an exit, this conversation will equip you with the insights needed to build your business on the right foundation.
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