Episode 111 | LLC vs S Corp: Which Is Better for Your Assisted Living Business?

In this episode, Brandon Gustafson breaks down the essentials of choosing the right business entity for your assisted living facility—LLC vs. S-Corp. He explains key differences in tax benefits, asset protection, and operational structure while encouraging listeners to seek professional legal and accounting advice. Brandon also shares advanced strategies using multiple entities and promotes free resources like his business plan checklist, lease agreement template, and the ALI Basics course to help beginners build a solid foundation with confidence.

00:00:00 – Introduction & Mission
00:02:12 – Important Disclaimer
00:02:29 – Importance of Proper Business Structure
00:02:51 – LLC vs. S-Corp Overview
00:05:05 – Asset Protection Strategies
00:06:06 – Pros and Cons of LLCs and S-Corps
00:06:22 – Tax Savings Potential with S-Corps
00:09:24 – Timing and Consistency Considerations Before Electing S-Corp
00:11:35 – Multiple Entity Strategies for Asset Protection
00:14:07 – Holding Company Structure
00:15:01 – Legal and Tax Protection Benefits of Multiple Entities
00:16:10 – Cost-Benefit of Professional Legal Advice
00:16:47 – Overview of Advanced Parent Entity Setup
00:18:34 – Final Thoughts on LLC to S-Corp Conversion
00:20:38 – Closing Remarks & Content Schedule

Resources Mentioned:

Visit our website, AssistedLivingInvesting.net, for additional resources, including our year-long mastermind program and free underwriting calculator.

Get your free business plan checklist today: https://urlgeni.us/alibpc

Learn about the Assisted Living Basics: https://www.assistedlivinginvesting.net/basics

Learn about the Assisted Living Investing Mastermind: assistedlivinginvesting.net/mastermind

Apply for the Mastermind today: alimastermind.com/application

Join the Business Foundation Basics Workshop: Assisted Living Business Foundation Basics

Learn the five steps to help you start an assisted living business: https://youtube.com/live/dRVCa80SOyM

Get the 12 Week Year Book: https://amzn.to/4bAOpQf

Marketing Made Simple by Donald Miller: https://amzn.to/3ECoNY5

Who Not How by Benjamin Hardy : https://bit.ly/whonothowbooklink

Courses:
- Do you need guidance on your journey to launching your assisted living business: https://urlgeni.us/aliala
- Do you need help building your business plan: https://urlgeni.us/alibpg

FREE Resources:
- Business Plan Checklist: https://urlgeni.us/alibpc
- Calculator: https://urlgeni.us/alicalc
- Lease Agreement Template: https://urlgeni.us/alila
- ProfitPath Analysis Tool: https://urlgeni.us/aliprofitpath
- Grant Writing Template: https://urlgeni.us/aligrant
Need help with your payroll? Get Gusto: https://gusto.com/i/brandon9590

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