Starting an S-Corporation can be a wise choice for those looking to establish a business in the services sector. An S-Corp is a tax designation that allows business owners to avoid double taxation by passing profits and losses through to their personal income tax returns. To start an S-Corp, there are several key steps to follow, including selecting a name and registering it with the state, filing Articles of Incorporation, obtaining any necessary permits or licenses, creating bylaws and electing a board of directors, and obtaining an Employer Identification Number (EIN). It's also important to obtain appropriate insurance to protect your company and clients. Overall, starting an S-Corp for a services business can provide significant tax advantages and a solid foundation for growth and success.
To get personalized answers to your questions about starting your S-CORP, schedule a meeting with us.
- Includes: 1 Business Registration*, New Website, Domain, Email. Business Expert access.
- Includes: 1 Business Registration*, New Website, Domain, Email. 1 Cloud Service. Business Expert access.
- Whether you’re ready to form an S-Corp on your own—or need an attorney’s help every step of the way—we've got your back. Starts at $0 + filing fees. Learn more.