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Converting to an S Corporation Will Save You Thousands in Taxes

As part of his tax and legal tips video series, Entrepreneur Network partner Mark Kohler explains why every small business owner should convert to an S corporation rather than a C corporation or an LLC. First, it provides asset protection, but better yet, it could also provide massive tax savings.

"That is a huge reason why the S corporation makes sense for the small business owner," he says. "It can be powerful and save you thousands of dollars."

Watch the video to learn more, and check out Kohler's new book, The Tax and Legal Playbook, at Entrepreneur's online bookstore. 

Related: How to Know When the Corporate Veil Is Right for You