S Corp
topic on 3 shows · 3 statements across 3 episodes
Founder's Journal 
We Live to Build 
the Startup Ideas Podcast
3 statements about S Corp, every show
Isenberg: Failing to convert an LLC to an S-Corp cost millions
“We set up an LLC for one of our businesses in the States and it started making a bunch of money and we didn't realize that we should have converted it to an S corp. And which is another type of corporation. So and that cost us hundreds of thousands, if not mil…”
Nagpal: S Corp elections at $100k+ income lower taxes on owner profits
“What most people end up doing once they get to about a 100,000 or more in net income is they choose to either set up a An S corp or they set up an LLC and make an election to be taxed as an S corp. And what that does is it bifurcates their income into a salary…”
Founders can use phantom stock before converting to C-Corps
“I just recently wrote a phantom stock plan for a company that's a S Corp and wanted to be able to issue shares to people before it became a C Corp, and there are ways you can do that, but you can't issue real equity, and that's a limitation.”