When Does an S Corp Actually Make Sense? Why the $50K Rule Gets It Wrong
Somewhere along the way, “once you hit $50,000 in profit, elect S Corp” became gospel. Business owners repeat it to each other. Social media repeats it. And, unfortunately, some advisors repeat it too. It sounds helpful because it gives you a clean number to watch for. There’s just one problem: It isn’t a rule. There
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