Mike Milligan recommends an LLC taxed as an S-corp for solo business owners. The LLC gives you liability protection while the S-corp election lets you control how much you pay yourself as salary versus dividends, reducing self-employment taxes.
You can create an entity that becomes very hard to operate, right? Like a C corp, it could be very hard to operate, very hard to unwind, to get out of it. So look at it from those 3 components and then you see what's right. So like, for instance, me, LLC, LLC with S corp tax election. LLC, S corp is really like a tax election, right? So LLC is the business structure, S corp is the tax election. Is how I see most, uh, is how I see most solopreneurs or those who operate a business where the owner operates with employees. It's the one that is the best because, because you then can control taxation. You can qualify for pass-through status to your personal return and still provide you liability coverage. Gotcha.
How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype
How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype
