Not every business benefits from S-Corp election — but when it's the right fit, the tax savings are significant. We help you evaluate your situation, handle the IRS filing, and set everything up correctly from the start.
S-Corp status can reduce your tax burden — if the numbers make sense for your business
Pay FICA taxes only on your W-2 salary — not on distributions. The savings can be significant depending on your income level.
Income passes through to your personal return, avoiding the double taxation that C-Corps face.
Maintain the same personal asset protection as a standard LLC or Corporation.
Demonstrate a more formal business structure to clients, vendors, and financial institutions.
“Business Therapy & Advisory recently helped me file as an LLC. When I first began thinking about making this change, I was quite daunted. But Micala and Dennis have made the entire process smooth. They have been professional, knowledgeable, and responsive to all my questions and concerns as they walked me through all of this. Their passion for, and dedication to helping small businesses is evident.”
Clinton Simmons
Purity Cleaning Services LLC
The right choice depends on your income level, business structure, and long-term goals
Taxed as a sole proprietorship (single-member) or partnership (multi-member). All net income is subject to self-employment tax.
Income passes through to shareholders, but only W-2 wages are subject to FICA taxes. Distributions are not subject to self-employment tax.
Before electing S-Corp status, your business must meet all of the following IRS requirements.
We walk you through the entire process — from evaluating whether S-Corp makes sense to filing the paperwork and helping you stay compliant.
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Find out if S-Corp election is right for you
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