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Congratulations – You 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.

Start My S Corp Election

Congratulations – You 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.

Start My S Corp Election

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.

Common Questions About S Corps

Next Steps – Let’s Elect Your S Corp

Here’s how we’ll get you from “I’m interested” to “I’m official”:

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.

 

Let’s Save Some Money the Smart Way

You’ve got the vision. We’ve got the know-how to make the IRS work in your favor. No fluff. No stress. No overpriced “tax gurus.”

Ready to elect your S Corp status and keep more of what you earn?

 

File In:

Connecticut
New York
New Jersey
Florida

Notice: on this site there will be many professionals and industry experts. These professionals are stating their knowledge and opinions, but it is always recommended to seek the advice of your own professional and it is important to note that you have not hired them or any organization or company they work for or have an ownership interest in. The information provided is purely educational and made concise and may not be relevant to your exact circumstances. In sum, if you hire DIY Biz Pro, it will be solely for the transactional service provided such as forming a business for example. If you fail to follow IRS or other Governmental rules and/or deadlines DIY Biz Pro can not be held liable for your failure to seek professional advice to your unique situation.Â