Hello,
I have medical practice designated an s-corp (P.A. in Texas) with myself as the sole owner and employee. I have maxed out my social security tax every year in this entity. I also have a “side Hustle” ecommerce business that is an LLC. It has profits more than $40k every year and I am wondering if there is still a benefit to an s-corp conversion for it even though I would not save on the SS tax since it is maxed out already from my P.A. s-corp? I hope that makes sense.
Thanks!