S-Corporation
Navigate the complexities of an S-Corporation with ease
What is an S-Corporation?
An S-Corporation is a type of business entity where the company receives a special tax designation in which they are exempt from federal corporate income tax and are instead taxed at the individual level. S-Corporations can be quite confusing if you aren’t well-versed in taxes and business entities, so it highly recommend to seek an expert’s advice before moving forward with one so you can confidently determine if your business will benefit from being one or not.
Why Choose to Form an S-Corporation?
An S-Corporation isn’t best for everyone, so talk with a professional before moving forward with one.
Limited Liability Protection
In an S-Corporation, your personal assets are protected from business liabilities, ensuring your personal finances remain separate from your company’s.
Tax Advantages
With an S-Corporation, you receive unique tax advantages that, if right for your company, can help you minimize tax liabilities and maximize your after-tax income.
Operation Flexibility
By being an S-Corporation, you have flexibility in things like management structure and profit distribution, allowing you to customize your business in a way that works for you.
How to Get Started
At Solon Accounting, we’ll walk you through every step in the process for setting up a S-Corporation. Our team will handle everything from the registration paperwork to tax planning. By working with our team of entity experts, you can be confident that an S-Corporation is the right choice for you and know you’re staying compliant and receiving the most benefits.