Welcome to today's episode of Pivot to Profit, where we empower entrepreneurs to understand their numbers, increase profits, and reduce taxes! Hosted by Pam Jordan and featuring tax guru extraordinaire Alexis Sydney, this episode dives deep into business entity structures—the difference between legal and tax structures, how they impact your business, and how to choose the right setup for your goals.

In this episode, we cover:

– The difference between legal structures (LLC, Inc.) and tax structures (S Corp, C Corp).

– Why your entity type matters for tax savings and liability protection.

– Common mistakes entrepreneurs make when setting up their businesses.

– How the wrong structure could be costing you money.

– Practical tips for choosing the right entity based on your goals and profit levels.

– The pros and cons of registering your business in different states (e.g., Delaware, Wyoming).

– Real-life examples of clients who saved money by restructuring their entities.

💡 Key Takeaway: Your business structure isn't one-size-fits-all—it depends on your goals, profitability, and future plans. Work with professionals to ensure you're maximizing benefits and minimizing risks.