If you’re a business with multiple partners operating under a single S Corporation, you could be wasting thousands in taxes. In this short, Mark J. Kohler breaks down why this setup is flawed—especially when compensation isn’t evenly distributed—and how to fix it with the right structure. The solution? An LLC for the partnership and individual S Corps for each partner. This setup gives you more flexibility, better tax savings, and access to legitimate write-offs most S Corp owners miss.
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