Review Detail

Still confused about wisdom of staying with LLC or switching to Sub-S, and how the 20% deduction applies when there is more than one owner or a single owner owns multiple businesses. Would be great if Bob could illustrate examples of RIA practices only, with and without partners, and how LLC would differ from Sub-S with wages in various scenarios. Is the $315k per taxpayer or per business? And how would the limit apply if the two spouses were co-owners (one $315k) vs two unrelated partners ($315k x 2)?