LLC vs. S-Corp for Our Locums Business Explained. #449

Author: Dr. Nii Darko
Published: Fri 21 Feb 2025
Episode Link: None

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On this episode of “What y’all say Friday” , we start off by sharing what it’s like to juggle medicine and parenthood. We actually recorded this episode during our first child-free vacation since our honeymoon.

We then answer questions from our listeners on whether our locum tenens business is incorporated as an S-Corporation or LLC. We shed light on the differences between LLCs, S-Corps, and C-Corps. Tune in for insights, and don’t forget to check out our Tax Series episodes linked below!

Timeline

00:00 Introduction

01:43 Our weekend getaway at a resort without the kids.

06:35 Shoutout to Mr. Evans at the post office.

08:16 Are we incorporated as an S-Corporation or LLC.

15:52 The difference between a C-Corporation and an S- Corporation

22:18 S-Corp vs. LLC when filing taxes.

24:47 Handling your benefits such as 401k, disability insurance, health insurance, as your own employer.

FREE DOWNLOAD - 7 Considerations Before Starting Locum Tenens - https://darkos.lpages.co/7-considerations-before-locums

LINKS MENTIONED

Tax Benefits of LLCs - How to use a LLC to save Taxes - https://youtu.be/M_VP0rWxDuc

Disability Insurance, Long-Term Care & Financial Planning Strategies - https://youtu.be/JJpLIj9tVbU