LLCs vs. S-Corps: What Every Realtor Should Know | What Works Wednesday with Leland Gross

LLCs vs. S-Corps: What Every Realtor Should Know

What Works Wednesday with Leland Gross and Cody Hawkins

In this week’s What Works Wednesday, financial planners Leland Gross and Cody from PeaceLink Financial Planning dig into one of the most impactful decisions real estate professionals face: how to structure your business.

As specialists in realtor finance, they cut through the confusion around LLCs and S-Corps—what each one actually does, what it doesn’t do, and how the right setup can protect your business while meaningfully improving tax efficiency.

If your income comes in waves and every dollar matters, understanding when to stick with an LLC and when it makes sense to elect S-Corp status can keep more of your hard-earned commission working toward your goals.

This conversation gives you practical clarity to build a business foundation that supports long-term wealth.

Key Takeaways

• Having an LLC is a fundamental step for liability protection
• An LLC is a legal structure, not a tax status
• Most LLCs do not require a separate tax return
• S-Corps can reduce self-employment taxes when income becomes consistent
• S-Corp owners must pay themselves a reasonable salary
• Additional administration and payroll costs come with S-Corp status
• A more established and predictable income stream is important before switching
• Getting professional guidance helps avoid costly mistakes
• Smart business structuring can save tens of thousands over time
• When you think like a business owner, you build more efficiently
• Listen to the Episode
• LLCs vs. S-Corps: What Every Realtor Should Know

Ready for the next step?

Take our free 2-minute Financial Health Assessment for Realtors to see where your business structure and systems could be working harder for you.

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