ChatFBPFriendly companion to help Food Bloggers on their journey

Our fourth and final episode of our podcast mini series is here! https://pod.link/1014116331

Name: Our fourth and final episode of our podcast mini series is here! https://pod.link/1014116331
Uploaded: 2025-01-30T18:38:12+00:00
Duration: 27 s
Channel: ChatFBP
Description: This is a YouTube podcast episode (recorded Jan 30, 2025) where hosts discuss S Corporation election for small business owners, with focus on food…

30 Jan 2025 · 0 min

Watch on YouTube

0:27

This is a YouTube podcast episode (recorded Jan 30, 2025) where hosts discuss S Corporation election for small business owners, with focus on food bloggers. The speaker explains that S Corp is a legitimate tax-election to reduce self-employment tax, and lists eligibility rules: owners generally must be U.S. citizens, S Corps cannot have more than 100 shareholders, and they cannot be owned by a foreign corporation. The tone is conversational and advisory.

Questions this video answers

Owners must be U.S. citizens.

100 shareholders.

No — it cannot be owned by a foreign corporation.

So yeah, the S Corp, I mean it's, I tell people it is not some like shady loophole. It is there for small business owners to make that election because the self employment tax can be so high and there's like, you know, maybe a few rules that you have to meet in order to do the escort. But most food bloggers do do qualify. Basically you got to be a US citizen. You can't have over 100 shareholders, so there can't be 100 people that own your food blog and you can't be owned by a foreign corporation.