S-Corp Election Filing
S-Corp Election Filing
Should you elect to be taxed as an S corporation (S-Corp)?
What is an S-Corp?
How do I become an S-Corp?
Will I really save money if I become an S-Corp?
After you create a corporation or LLC, you also have the opportunity to decide how you'd like your business to be taxed.
Single owner LLCs can be taxed either as a sole proprietorship or a corporation. LLCs with more than one owner can be taxed either as a partnership or a corporation. Income from LLCs treated as sole proprietorships or partnerships is reported directly on the owner’s individual tax returns.
New corporations, as well as LLCs considering corporate taxation can choose between filing taxes as a C corporation ("C corp") or an S corporation ("S corp"). An S corp is considered a "pass-through entity," which means the business itself isn't taxed. Instead, income is reported on the owners' personal tax returns. Businesses taxed as C corporations are not pass through entities. Income is taxed at the corporate level, and, if dividends are distributed, at the individual level as well.
I can help you understand your options so you choose what's best for your business.
My S-Corp election filing services include:
30 minute one-one-one to discuss your business
Filing of S-Corp with the IRS
Overview outline of new business documents
*Price includes filing fee and administrative fees.
Start Saving potential hundreds to thousands of dollars by electing to be taxed as an S-Corp