LLC Taxation Options

Decide what tax structure your LLC should be using and why.

S-corporation

C-corporation

Sole Proprietor

Partnership

Use Tax Structure Calculator (Free)

LLC Taxation Options

When you have an LLC, you have several choices of how to be taxed. By filing simple elections with the IRS, your LLC can be taxed as an S-corp or C-corp as well as remain a sole proprietor. As you can see below, there is a big advantage to being an S-corp.

Business Type:

Business Income:

Subtract W-2 Wages

Subtract Payroll Taxes

Net Business Income:

Adjustments:

Standard Deduction:

Taxable Income:

Sec 199A Deduction:

Taxable Income After Deduction:

Income Tax:

Self Employment Tax:

Corporate Tax:

Total Tax:

Sole Proprietor

$150,000

$     -    

$     -    

$150,000

($9,969)

($12,200)

$127,831

($25,566)

$102,265

$18,833

$19,938

$    -    

$38,771 

S-corp

$150,000

($75,000) 

($11,475) 

$63,525

$    -     

($12,200)  

$126,325 

($12,705) 

$113,620 

$21,558 

$11,475 

$    -     

$33,033  

C-corp

$150,000

($75,000) 

($11,475) 

$63,525

$    -    

($12,200) 

$126,325

$    -    

$126,325  

$18,624  

$11,475  

$13,340 

$43,439  

C-corp (no wage)

$150,000

$     -    

$     -    

$150,000

$    -    

($12,200)

$137,800

$    -    

$137,800 

$19,744 

$    -     

$31,500 

$51,244 

▲▲▲

$5,763

SAVINGS

Calculate Your Savings

Now its time to see how much you could save. Using our software we can show you exactly what you could save by electing to be taxed as a S-corporation, C-corporation or Partnership vs how you are setup now. Just 4 simple questions and you can see the entire report.

Use Tax Structure Calculator (Free)

Still Wondering If S-Corporation Is Right For You?

During your free evaluation, you can speak to one of our S-corporation Specialists. They are not salesmen, they are accountants that are trained specifically to help you decide if S-corporation is right for you. During your meeting you can get answers to all your questions and we will evaluate your business using the following factors:

Business type and shareholder profile

Probable reasonable compensation

Business size and saving opportunity

Deductions you are not utilizing

Overview of compliance needed

State issues or concerns

S-corp Setup & Accounting Package

$99

ONE TIME FEE

S-Corporation Setup (Form 2553)

Bookkeeping Review

New Corporation Checklist

Meeting About Best Practices

FREE 
EVALUATION

In this fast and easy chat session, we will evaluate your business and make sure an s-corp is right for you. If it is, we can show you how to setup a package and start saving.