How to Start an S Corp
How to Start an LLC How to Start an LLC
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 Published On May 5, 2021

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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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In this video we go over how to start an S Corp and how it is different from a typical business structure. We will explain when you should choose S corp status and the steps that are needed to form an S corp.

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Need to Talk to a Tax Specialist for your S Corp Questions?
Call: (734) 215 5676

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📙 For a detailed step by step guide on starting an S-Corp as an LLC, go here:
https://howtostartanllc.com/start-an-...

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TIMESTAMPS
0:00 - Intro
0:46 - How to : Form an S Corp
0:59 - Step 1 : Name Your LLC
1:19 - Step 2 : Choose a Registered Agent
1:32 - Step 3 : File your LLC Articles of Organization
1:48 - Step 4 : Create your LLC Operating Agreement
2:04 - Step 5 : Get an EIN
2:38 - Option 2 : Hire a Formation Service
2:59 - Summary

S Corp Resources:
📙 Instructions for IRS Form 2553 for electing S Corp Status:
https://howtostartanllc.com/form-an-l...
📙 Operating Agreement Tool:
https://howtostartanllc.com/free-oper...

Videos Mentioned:
🎥 LLC vs Corporation for forming an S corp video:
   • Forming an S Corp - Should you use an...  
🎥 LLC vs S Corp
   • S Corp vs LLC  (Should you choose an ...  

Visit howtostartanllc.com to learn about LLC formation, and other useful information for starting a business in your state, like:
🔎 What is an LLC:
https://howtostartanllc.com/what-is-a...
🔎 Free legal forms, including operating agreement templates, employment contracts, NDAs, and other documents at:
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🔎 Check out our Business ideas tool:
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🔥 At TRUiC we are dedicated to providing the most useful information for small business owners, and would love to see your feedback in the comments on what other information you need to help follow your entrepreneurial dreams.

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#scorp #entrepreneur #smallbusiness #taxes

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