Key reasons to elect to be treated as an S-Corp.
Taxes can be really stressful. But you already know that, which is why you’re here. We just wanted to take a moment and acknowledge your struggle. As an S-Corp, you’re likely to benefit from a host of taxation advantages. The perks of owning an S-Corp include:
- Reduced or eliminated income tax in most states.
- Additional shareholder asset protections not offered by Sole Proprietorships, Partnerships, etc.
- Pass-through income status- you won’t pay federal income taxes at the corporate level.
- Straightforward transfer of ownership (in case you want to sell the business later).
Watch this video to be reminded of the 5 reasons you want to be an S-Corp.