The Pathless Path with Paul Millerd cover image

#120 How Do You Buy A Home While Self-Employed? Catherine Cusick on her path, acting, economics of Broadway, longreads, independent book sales, buying a home, digital media & how to navigate hostile US self-employment regulations,

The Pathless Path with Paul Millerd

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Is There an Argument for Setting Up an S Corp?

You have to pay yourself a reasonable salary, 60 to 80 gray area below is probably LLC is better. Is there an argument for just setting up an S Corp in case you make more money and then just not taking the election? I'm not sure that you can set it up as an, you have to take the election. An S corp is just a tax election. That's all it is. And if you are in that zone where you're making more than 80 K run, don't walk to them because their, their pricing is fantastic. They'll do taxes. They'llDo all the accounting. But yeah, yeah. Maybe Collective should be sponsoring this podcast.

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