S Corp - For Businesses that are profitable, and the goal is to take the profit out of the company in a tax efficient manner, S-corp is a great tax designation to elect for your business., potentially saving thousands depending on the level of profitability of your business.

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( See how much you can save on your taxes)


💼 For LLC 75% 𝗗𝗶𝘀𝗰𝗼𝘂𝗻𝘁 link - [ Ссылка ]
Fees are as follows $29 + state fee + $9 for BOI (this optional but recommended as failure to do so can result in a fine of $500/day)

🏆 For S-Corp 60% 𝗗𝗶𝘀𝗰𝗼𝘂𝗻𝘁 link -[ Ссылка ]
Fees are as follows $89 + state fee + $9 for BOI (this optional but recommended as failure to do so can result in a fine of $500/day)

Recommended formation service - We have negotiated with Northwest to provide the best discount and packages for our users, we get compensated when users use our discount links.

🧮 To see how much you can save by forming an S corp check out our Scorp calculator:
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Understand the complexities of S Corporations in this detailed guide by TRUiC, designed to provide entrepreneurs with a clear understanding of what an S Corp is and its advantages. Learn how electing this tax status can impact your business, from potential tax savings to operational requirements.

*TIMESTAMPS*
0:24 1 What is an S Corp?
1:08 2 Advantages of an S Corp
2:47 3 When to Elect S Corp Status
5:03 4 Electing S Corp Status
6:31 5 What is a Reasonable Salary
8:14 6 When Not to Elect S Corp Status

*Need to Talk to a Tax Specialist for your S Corp Questions?*
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🎥 S Corp vs LLC
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📝 What is an S Corp written guide:
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