This is one of those topics that sounds more complicated than it actually is. And honestly that's by design. Accountants and attorneys charge good money to explain this to you, so it stays wrapped in jargon that makes it feel like you need them to understand it. You might need them eventually, but right now, you just need the basics.
If you have an LLC and your business is making money, at some point the question becomes: should I elect S-Corp status? The answer depends on how much you're earning, how much you're paying in self-employment tax, and whether the math makes sense. Let's walk through it together.
