S-Corp Resources
Everything you need to know about S-Corporations — from deciding if the election makes sense, to forming your entity, running payroll, and planning for the future.
Getting Started
What is an S-Corporation?
The fundamentals of S-Corp status — how it works, what makes it different, and why it matters for small business owners.
S-Corp vs LLC: Which is Better for Your Small Business?
A side-by-side comparison of taxation, self-employment savings, and when each structure makes sense.
What is the Best Legal Entity Type for an S-Corp?
LLC vs corporation as the underlying entity — pros, cons, and what most small businesses choose.
Who Can Make the S-Corp Election?
Eligibility requirements including shareholder limits, entity types, and citizenship rules.
Making the Election
Creating a New S Corporation
Step-by-step guide to forming your entity and filing for S-Corp status from scratch.
How to Make the S-Corp Election
Filing Form 2553, timing requirements, and what to expect from the IRS.
When to Make the S-Corp Election
Deadlines, effective dates, and the income thresholds where the election starts saving you money.
Running Your S-Corp
How Much Should My S-Corp Pay Me?
Setting reasonable compensation — the IRS rules, common benchmarks, and how to maximize your tax savings.
How to Keep the S-Corp Filing Status
Ongoing compliance requirements to avoid accidentally losing your S-Corp election.
Can an S-Corp Have Subsidiaries and Partnerships?
How S-Corps can own other entities and participate in partnerships without jeopardizing their status.
Benefits & Compensation