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S Corporation Basic Info in 60 Seconds | Torchlight Tax
Are you losing over 14% of your profit to self-employment tax? If you’re a Sole Proprietor or LLC that hasn’t elected S Corporation status, you probably are.
In this quick video, Dave Horwedel, CEO of Torchlight Tax, explains how electing S-Corp status can help you reduce self-employment taxes while maintaining liability protection—and avoiding C Corporation double taxation.
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