S-Corp Basics

S-Corp best practices and basic information on how to run your S-Corp.

• Delayed 2553 Processing and Late S-Elections
• Why do I need a separate business bank account?
• Why do I need to choose from the Formations’ list of preferred banking?
• What is Reasonable Compensation?
• Why Do I Need Payroll?
• Business Accountable Plans: Do I Need One?
• Should I hire a W2 employee or a 1099 contractor?
• Employing children and spouses