LLCs vs. S Corps: Deciding the Best Structure for Locum Tenens Professionals

In this episode of the Locum CPA Podcast, CPA Stephen Lee from Chicago, Illinois, addresses a common dilemma faced by locum tenens professionals: whether to stick with a single-member LLC or switch to an S Corporation. He explains the advantages and disadvantages of both options, including tax implications and administrative requirements, to help listeners make an informed decision. This episode is particularly useful for new resident graduates who are just beginning their locum work and navigating tax structures. Tune in to get key insights on optimizing your locum's practice and maximizing tax savings as your income grows.

00:00 Introduction to Locum CPA Podcast

00:35 Understanding Single Member LLCs

01:22 Exploring S Corp Election

02:08 Considerations for Switching to S Corp

02:37 When to Make the Switch

03:36 Recap and Final Thoughts

03:50 Closing Remarks

How to Start and Operate Your Locums Practice: https://thelocumcpa.com/free-ebook/

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