One of America’s more colorful Founding Fathers, Benjamin Franklin, once said that “nothing is certain except death and taxes.” And now that tax laws are much more complicated than in Franklin’s time, it almost takes an expert to run a small business!
Don’t worry, though. In this video class, PPA’s financial guru and CFO, Scott Kurkian, gives you that expert advice you need to set up your studio…in a way that works best for you and your business.
Do you know what an S-Corp is? The benefits of being an LLC? The percentage of self-employment tax a Sole Proprietor pays? Or what self-employment tax even is? As a small business, it’s critical that you not only know these answers, but also understand what they mean to your business. When you’re finished with this class, you’ll have that knowledge and be able to make smarter decisions about your studio.
Even better? Scott walks you through the pros and cons of each legal entity, when to choose one over the other, and what you need to watch out for.
Accountants and attorneys generally have pretty high billing fees - you want to be prepared when you talk with them! This information will help you make sure you are asking the right questions and getting answers from your advisors that make sense.
PPA always recommends that you consult with a tax professional before making any changes to the legal or tax structure of your business.
We value your feedback and want to know how we can improve. Please share your thoughts about the class here.