Everyone online makes becoming an S-Corp sound like the ultimate financial glow-up: lower taxes, more legitimacy, instant upgrade. But here’s the truth—jumping in too early can actually hurt your business more than it helps.In this episode of Creative Minds Smart Money, I break down the real dangers of switching to an S-Corp before you’re ready. From payroll requirements to higher admin costs to IRS scrutiny, we’ll cover what you need in place before making the leap, and a checklist to know when the timing is actually right.In this episode, we cover:✅ What an S-Corp really is (and what it’s not)✅ Why becoming your own payroll provider can be overwhelming if you’re not ready✅ The hidden costs: payroll software, CPA fees, tax filings, compliance✅ Why “reasonable salary” is a legal gray zone and how it can trigger IRS red flags✅ Why tax savings aren’t always worth the stress (especially under $60K net profit)✅ A clear checklist to know when you’re actually ready to elect S-Corp✅ What to do instead if it’s too early (and how to prep your business for the switch later)If you’ve ever wondered whether becoming an S-Corp is right for you, this episode gives you the clarity to make that decision without pressure, panic, or FOMO.🎧 Hit play now and find out whether an S-Corp is your next smart move—or just an expensive distraction.🔗 Resources & LinksWebsite: https://www.firestormfinance.com/Instagram: https://www.instagram.com/firestormfinance/Threads: https://www.threads.net/@firestormfinance?hl=enLinkedIn: https://www.linkedin.com/in/samantha-e-8796b6176/Newsletter: https://www.firestormfinance.com/newsletter📝 Want to see a specific topic on the show? Submit your suggestion here!📢 If this episode gave you clarity about S-Corps, share it with a friend and leave a review—it helps more creatives make confident money moves.