Episode Details

Deni Baldwin talks about what made her decide to become an accountant. Deni discusses the benefits of incorporating as an S-corporation to save on self-employment tax and determining a “fair and reasonable” salary as an S-corporation employee, and how that impacts the taxation of the remaining business income. Next, Deni talks about the differences in asset protection between sole proprietorships, LLCs, and corporations. Last, Deni discusses the pros and cons of holding investment real estate in an LLC vs a corporation, especially around issues like refinancing and triggering gains.

Please check out ProVision Wealth on Linkedin here.

If you’d prefer to watch this interview, click here to view on YouTube!

Deni Baldwin can be reached at 480-467-4400 and info@provisionwealth.com.

This episode is brought to you by Real Geeks.