Most business owners file with the state but miss IRS structuring, costing them roughly $15,000 a year. Tyler Wilingham explains why optimizing your entity structure for taxes beats chasing market returns. It's the fastest way to keep more of what you earn.
he was spending about— it was close to about $15,000 a year more than he needed to just because he didn't structure his business right. It was simply not understanding. He thought, oh, you just file with the state, you just file your business and that's it. I didn't— there's not anything else I need to do. But no, you want to deal also with the second part, which is structuring it with the IRS. And that is really bang for your buck. Where you're going to save the most money. You're never going to beat the market, so you're not going to go find like the genius financial advisor that's going to, you know, make you a ton of money. You're going to make most your money by figuring out your taxes every year.
