Okay, here's my first punch why the LLC is great. No matter what type of small business you are starting,

no matter even if it's a rental property and you're buying your first rental, you've got a side hustle,

you're doing Uber, you're doing whatever. The LLC is the great first step. It's the best to start

with because it gives you flexibility to make changes later and you need that entity to get your

EIN, get your name, get legit, get out there, go hard, you're going to feel confident, you're going to feel proud, you're like, damn it, I started my company, is going to motivate you. I don't think you can say that for the S-A. Well, let me just say LCs do not save taxes. True. Misconception, people think, I got an LLC and I'm going to save taxes. I can't tell how many clients that told me, hey man, I'm so excited.

I said, I'm an LLC.

I'm going to be saving taxes.

That's not going to save taxes. I can't tell how many clients that told me, hey, man, I'm so excited. I said, I'm an LLC. I'm going to be saving taxes. That's not going to do anything for you, but I'll tell you what will save you taxes and S Corporation. Welcome, everybody, to this week's episode of the Main Street Business Podcast. This is a WWF unplugged.

Is that WWF? I think it's WWF. That's old school. That's like Hulk Hogan, you know, era. I think it's

WWE. I don't know. What we're doing today is we are going head to head on the LLC versus S Corp. There's people out there that like they think the world revolves around one of those entities. Well, they both have pros and cons. And we are randomly going to choose a side here shortly. Yeah. And have to defend it. This is like high school debate. This is high school debate. You don't know what position you're getting, but you're stuck with it and you got to argue for it.

So we're going to talk about LLC versus S corp. Now, keep in mind, sometimes you need an LLC. Sometimes you need an S corp. What are the differences between the two? Maybe you're in a situation where you need both because what's going on in your life and your business and investments. So we'll hit that too. but critical topic.

We're, of course, setting up hundreds of LLCs and S-Corps every month at our law firm, KQS lawyers. So we feel like we've been down this road. And Mark and I both have S-Corps and LLCs. We do. Proud owners of S-Corp's and LLCs here. It's going to be good. It's going to be good. I wore a leather jacket today. Because you knew there was a fight.

There was a fight. I had to put on me, you know, what did they call it in Greece or in? You know who wore a leather jacket and got beat up in a red leather jacket, Johnny and karate kid. Oh, that's true. This kind of looks like that, but I know. I was going with John Travolta in Greece.

Okay.

He's pretty cool.

All right. Oh, that's true. This kind of looks like that, but I know. I was going with John Travolta in Greece.

Okay.

He's pretty cool.

All right.

So, we're going to have some fun with this.

Now, our studio producer, Tristan's going to bring us a slip of paper right now and tell us who we are arguing for.

Oh, this is drama.

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