How To Start an S Corp: Set Up an S Corp in 10 Steps (2025) An S corp is a business structure with pass-through tax status. Learn how to start an S corp for your next venture. On this page What is an S corporation? How to start an S corp in 10 steps Key advantages of an ...
Filing Form 2553 to start an S-Corp To apply for S-corp status, you’ll first need to create either an LLC or a corporation, if you haven’t already done so. Then, you’ll file an electionForm 2553 with the Internal Revenue Service (IRS). ...
If you're unsure whether or not you should form an LLC – and where to begin – here's a primer on getting started.
Start your LLC: 1. Select a State 2. Name your LLC 3. Choose a Registered Agent 4. File Articles of Organization 5. Make an Operating Agreement
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C-corporation: A C-corporation is a separate legal entity and has separate taxes filed with the IRS from the entrepreneur. The business income will be taxed at the corporate tax rate rather than the personal income tax rate.13 S-corporation: An S-corporation is a corporation that is not ta...
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If you believe that your S Corporation will be operating across state lines, then you must form an LLC in all the states that you plan to operate. You will simply repeat the five steps above while ensuring you take into account the statutes and laws in specific states. That way, your pe...
The Second Edition of How to Start Your Own S Corporation includes:*Up-to-date information on recent changes in tax law affecting S corporations, LLCs, and stockholder rules*The latest updated IRS forms*Clear explanations of the advantages and disadvantages of S corporations, LLCs, partnerships,...
Start your LLC: 1. Select a State 2. Name your LLC 3. Choose a Registered Agent 4. File Articles of Organization 5. Make an Operating Agreement