NunyaBidness on Nostr: Sweet! Doses of financial terminology. ...

Sweet!

Doses of financial terminology.

quoting note1pv0…3hys

This week we will be highlighting S-Corporations!

What is an S-Corporation? 🤔

An S-Corp is a business structure that combines tax perks with personal asset protection. You avoid double taxation by passing profits (and losses) straight to shareholders.

✨ Key Facts:
• No corporate taxes 💰
• Limited liability 🛡️
• Max 100 shareholders 👥

Thinking about an S-Corp for your business? Check back tomorrow for the pros and cons! 👇