Everything You Need To Know About S Corporations

Aug 19, 2020

We get so many questions on S Corporations so we decided to do a 6 part series on everything you need to know about them, on both our Blog and Small Business Tax Savings Podcast.

Outlined below is an easy access guide to each topic, blog post, and Podcast episode.

1. What Is a Pass Through Entity?

Initial introduction on entity types and how they are taxed.

2. What Is An LLC and How Is It Different From An S Corporation?

Introduction to an LLC and how that relates to the S Corporation.

3. What Is An S Corporation and Why Should I Elect To Be One?

Introduction to S Corporations and why it may be beneficial for you.

4. What Are The Requirements For An S Corporation and How Do I Set One Up?

We got through what the requirements are to be an S Corporation and how you go about electing to be taxed as one.

5. What Is A Reasonable Compensation For An S Corporation Owner?

As you may now know, owners of an S Corporation are required to take a reasonable compensation. We discuss how you can go about determining that and running payroll.

6. I Have An S Corporation, Now What Do I Need To Know?

Now that you understand the S Corp and have it setup and are running payroll, we discuss what else you need to know!

That’s it! Hope you found that helpful.

 

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