S Corporation Services

Overview

S Corporations represent a popular business structure that combines the liability protection of a corporation with the tax benefits of a partnership. Our firm specializes in providing comprehensive services for S Corporations at all stages, from formation to ongoing compliance and strategic tax planning.

Our S Corporation Services

Formation and Setup

Entity Selection Analysis: Determining if an S Corporation is the right choice for your business
State Filing Assistance: Preparation and filing of Articles of Incorporation
S Corporation Election: Preparation and filing of Form 2553 (Election by a Small Business Corporation)
EIN Application: Obtaining your Employer Identification Number
Corporate Bylaws: Drafting essential governance documents
Initial Compliance Setup: Establishing proper record-keeping systems

Compliance Management

Compliance Requirements }}): Meeting all federal and state regulations
Annual Filings: Preparation of Form 1120-S and state returns
Shareholder Schedule K-1s: Accurate reporting of individual income shares
Estimated Tax Payments: Calculation and scheduling of quarterly payments
Corporate Formalities: Assistance with maintaining required records

Reasonable Compensation

One of the most scrutinized aspects of S Corporation operations is ensuring shareholder-employees receive reasonable compensation. Our services include:

Compensation Studies: Industry-specific analysis to support your salary levels
Compensation Documentation: Creating supporting documentation for IRS review
Payroll Planning: Structuring optimal salary vs. distribution splits
Risk Assessment: Evaluating your current compensation structure for compliance

Tax Planning and Strategies

Tax Projection Services: Forecasting tax liabilities for better planning
Income Splitting Strategies: Maximizing the tax advantages of S Corporation status
Retirement Planning: Implementing tax-advantaged retirement plans
Fringe Benefits Analysis: Identifying available tax-free benefits
Built-in Gains Planning: Strategies for corporations that converted from C to S status

Exit Planning

Succession Planning: Designing smooth ownership transitions
Business Valuation: Determining the fair market value of your S Corporation
Sale Structuring: Optimizing tax treatment in business sales
Stock Transfer Planning: Managing shareholder changes without violating S Corporation rules

Why Choose Our S Corporation Services?

Specialized Expertise: Our team focuses specifically on small business tax structures
Preventative Approach: We identify and address compliance issues before they become problems
Cost-Effective: Our services often pay for themselves through tax savings
Comprehensive Support: One firm handles all your S Corporation needs
Proactive Communication: We keep you informed about regulatory changes affecting your business

Get Started

Contact us today to schedule a consultation about our S Corporation services. Whether you're considering forming an S Corporation or looking to improve compliance and tax efficiency for your existing entity, our team is ready to help.