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Our goal is to make business easy. We’ve got experts available by phone to answer questions, 7 days a week. Let us handle the details so you can focus on what you do best.
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FORM AN S-CORP WITH CONFIDENCE
Lower self-employment taxes and obtain personal liability protection with an S-Corp. Starts at $0 + state fees.
Save On Self-Employment Taxes
One of the main advantages of electing S-Corp status is the ability to reduce self-employment taxes. Unlike a standard LLC, where all profits are subject to these taxes, S-Corp owners only pay self-employment taxes on their salary. The rest of the business’s profits are distributed as dividends, which are not subject to payroll taxes.
Protect Your
Personal Assets
Similar to other corporation structures, S-Corps offer liability protection. This means personal assets are generally protected from business debts and legal actions, safeguarding owners from potential business risks.
Avoid Double Taxation On Profits
S-Corps benefit from pass-through taxation, meaning the company’s profits and losses pass through directly to the owners’ personal income taxes. This avoids the double taxation seen in C-Corps, where the corporation is taxed, and shareholders are taxed again on dividends.
An S-Corporation is not a business structure or separate legal entity like a corporation or LLC. Rather, it’s a tax classification that either an LLC or a corporation can apply for with the Internal Revenue Service (IRS) if it meets the criteria.
For an LLC, filing as an S-Corporation may provide savings on self-employment taxes in some cases. For C- Corporations, it can be a way to avoid double taxation.
To qualify for S-Corporation status, a business must meet the following requirements:
In order to get S-Corporation status, you must first become an LLC or a corporation, both of which provide limited liability protection.
S-Corporation advantages include:
S-Corp status may not be right for all businesses. If you’re not sure whether to identify your LLC as an S- Corp or keep the default status, be sure to consult with an experienced business law attorney or accountant in your state.
A C-Corporation is the default form of corporation and a separate legal business entity. An S-Corporation is just a tax election that can be made by either a Corporation or an LLC.
Yes, your company will still remain an LLC business structure, but it can be taxed as an S-Corp. To request that the IRS taxes your LLC income as an S-Corp, you need to complete Form 2553, Election by a Small Business Corporation, to be treated as an S corp instead of an LLC.
If your LLC is past the 75-day election deadline, you’ll also need to file Form 8832, Entity Classification Election, to elect to be taxed as a corporation. Then you would file both Form 8832 and Form 2553 together via USPS-certified mail.
How it works
Be successful with our all-in-one platform and expert support.
How it works
Be successful with our all-in-one platform and expert support.
Don’t do it alone.
Our goal is to make business easy. We’ve got experts available by phone to answer questions, 7 days a week. Let us handle the details so you can focus on what you do best.
Contact us
Amike Dynasty
1 review
US
A big shout out to Pierina D
A big shout out to Pierna D. Thank you for taking your time and explaining the steps to me as I was overwhelmed. Thank you for being so calming and nurturing I will 1000% recommend people just because of the service that you gave me thank you so much and like I told you, you need a raise. God bless.
Christian Friedrich
1 review
US
Evan helped me getting my website…
Evan helped me getting my website published with ease! Turns out I had screwed up a few things on my end but he was kind enough to fix the discrepancies and getting everything taken care of; all within a few minutes!
Maegan
2 reviews
US
Continually friendly service from ZB
Continually friendly service from ZB. I called their support line and received amazing help from Josh. After a long, stressful day, he managed to put a smile on my face and was able to help me resolve my issue.
Starts at $0 plus state fees and only take 5 to 10 minutes
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