Expert guest Jeff Darley joins Roger and Annie to discuss how to choose the right business entity for small business owners. They cover LLCs vs S-Corps, reasonable salary, payroll taxes, and more. SponsorsPadgett -  Contact Padgett or Email Jeff Phillips (00:00) - Federal Tax Updates Episode 18 (02:17) - Background on Jeff Darley (15:03) - Payroll Taxes and Social Security (19:59) - S Corp vs C Corp (25:40) - Dealing with IRS on Reasonable Salary Audits (32:34) - Process of Electing S Corp Status (39:43) - Estimated Tax Payments (43:37) - Selling a Business - S Corp vs C Corp Get NASBA Approved CPE or IRS Approved CELaunch the course on EarmarkCPE to get free CPE/CE for listening to this episode.Connect with the Hosts on LinkedInRoger HarrisAnnie SchwabConnect with Jeff Darley Website : https://littleton.padgettadvisors.com/our-team.php LinkedIn : https://www.linkedin.com/in/jeff-darley-77839b2ReviewLeave a review on Apple Podcasts or PodchaserSubscribeSubscribe to the Federal Tax Updates podcast in your favorite podcast app! This podcast is a production of the Earmark Media The full transcript for this episode is available by clicking on the Transcript tab at the top of this page All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.