(3.5 mins.) There are many benefits to having your own Loan Out company. But consider a few other things before making the decision to incorporate yourself. For example, some downsides to an S-Corp are: 1) Running the correct payroll 2) Keeping accurate books 3) Paying additional taxes and fees.

(3.5 mins.) If you have your own Loan Out company (A.K.A. S-Corp, A.K.A. Incorporated yourself), are you taking advantage of one of the biggest game-changers? Through your company, you can set up a Retirement Plan and begin funding it immediately. You will enjoy tax-deferred, or tax-free, growth along with compound interest, or as Albert Einstein called it, “the eighth wonder of the world.”

(3 mins.) Establish your very own retirement plan through your S-Corp and take advantage of the loopholes. You can save nearly TEN TIMES as much in a tax-advantaged account than you can as an individual.

(3 mins.) There are certain strategies that MUST happen before the end of the year, otherwise you lose out on the advantages. Issues such as 401(k) contributions, charitable giving, Loan Out strategies, tax loss harvesting, and tax bracket maneuvers should be considered before the end of the year.

(3.5 mins.) Writers and directors are often confused about when to create their own company, or Loan Out. Otherwise known as “incorporating yourself” a Loan Out can have many benefits to those in the Entertainment Industry. Here are a few of those advantages.