u/Express-Gur2241

For all my either small brokerage owners or high rev agents.. what do you do with the money and how do you handle it?

I made 200k in GP this month on my book alone and have 4 1099 agents. We closed out with about 260k GP for this month all together. With the run rate we’re at for the year we’re on pace for 11-13M in rev.

I originally started this company as an S Corp and I in no way need this amount of $$ flowing towards my personal tax return let alone half the $$ to live off of.

My thought is to convert the company to a C corp and take a salary along with a monthly dividend off percentage of profit.

Aside from that though does anyone have any advice, tax strategy, or things they’ve done for themselves to park the $$ and limit tax liability?