Want to be an
S Corp ?

You’re leveling up! Choosing S Corporation status is a smart move for entrepreneurs ready to maximize their profits, save on taxes, and grow with confidence. Whether you’re converting your existing LLC or starting from scratch, we’ll walk you through exactly what this means and how to do it – step-by-step, without the fluff.

What is an S Corp?

An S Corporation (S Corp) isn’t a type of business entity – it’s a tax election that lets your business (usually an LLC or corporation) pass income directly to you, the owner, while possibly saving thousands in self-employment taxes.

In Simple Terms:

tax Savings

S Corps allow you to split your income between salary and distributions, which can reduce your self-employment tax.

IRS-Approved Structure

You’ll still pay your fair share, but not more than you need to.

Owner-Employee Setup

You’ll pay yourself a reasonable salary and take profits through distributions.

Applies to LLCs or Corporations

You don’t “form” an S Corp – you elect to be taxed as one.

Frequently Asked Questions About S Corps

  • Yes. You must already be an LLC or Corporation before you can elect S Corp status. If you’re not yet, we can help you start or convert.

  • Not always. S Corps make sense when your business is generating consistent profit (usually $40K+/year), and you’re ready to pay yourself a salary.

  • It depends on your role, industry, and profits. The IRS expects you to pay yourself fairly before taking extra profit as distributions. We’ll help you figure it out.

  • Only on your salary. The rest of your profit (your distributions) is not subject to self-employment tax. That’s where the savings happen.

  • S Corps require a bit more admin: payroll, bookkeeping, and IRS filings. But we provide tools and support to make it easy.

Next Steps

Here’s what happens now:

Step 1: Make sure you’re Ready

Not sure if S Corp status is right for you? Take our quick [S Corp Readiness Quiz] or book a 15-minute consultation.

Step 2: File or Convert Your LLC (if needed)

If you’re not already an LLC or Corp, we’ll help you get set up first. If you are, we’ll guide you through the IRS election.

Step 3: We Handle the Paperwork

We’ll prepare and file your IRS Form 2553 (and Form 8832 if needed), get your EIN, and make sure your election is accepted.

Step 4: Set Up Payroll & Compliance

We’ll connect you with easy tools to pay yourself legally and stay in compliance – without hiring a full-time accountant.

Business Formation Comparison

S Corporation

  • Pass-through taxation

  • Limited liability

  • Max 100 U.S. shareholders

  • Save ~15% on distributions

  • One class of stock

  • Small-medium businesses

  • Moderate formalities

  • By shares

  • March 15

  • Incorporate + IRS Form 2553

C Corporation

  • Double taxation

  • Limited liability

  • Unlimited shareholders

  • No SE tax on dividends

  • Multiple classes of stock

  • Large businesses, IPOs

  • Strict formalities

  • After corporate tax

  • April 15

  • Incorporate + bylaws, meetings

LLC

  • Pass-through or corporate election

  • Limited liability

  • Unlimited members

  • Full SE tax unless elected otherwise

  • Membership interests only

  • Small businesses, startups

  • Minimal formalities

  • Flexible per agreement

  • March 15 or April 15

  • Articles of Organization + agreement

Choose your Package

LLC Formation

S Corp Filing

C Corp Formation