When you’re choosing a tax-deduction entity for your business, there are many ways to go. You can set up your business as an S corporation, sole proprietorship, single-member LLC, or C corporation. But which one is right for you? Which meets your specific needs and goals?
In my new article, the fourth in a series that began in November, 2011, we’ll take a close look at the S corporation and help you make the right decision.
To find out more, don’t miss this fact-filled article titled Tax Tips: Is the S Corporation the Best Tax-Deduction Entity for Your Business?
Three ways our fact-filled article can help you:
- We’ll explain how an S Corporation works. To create an S Corporation you’ll first need to form a corporation or an LLC and then elect taxation as an S corporation. For some business owners, this solution provides the best of both worlds: liability protection plus money-saving personal taxation. You’ll get all the facts when you read the full article.
- We’ll spell out the three (BIG!) advantages of an S Corporation. If you want to save on payroll taxes, avoid “double taxation,” and more, the S Corporation may be the way to go. Get the whole story when you read the full article.
- We’ll also tell you the nine disadvantages of an S Corporation.
As you might expect, what the IRS gives, the IRS can also take away, and there are trade-offs you should be aware of. You’ll find nine disadvantages of an S Corporation when you read the full article.