As a solopreneur, you might be considering how to separate yourself legally from your business or brand. By learning how to start an S-corp, your business can gain limited liability protection while potentially avoiding duplicate taxation, making it an appealing option for solopreneurs who seek all tax deductions and write-offs available to them.
An S-corp refers to a standard corporation that has sought "S corporation" tax status, allowing shareholders to report pass-through entity income on their personal tax returns.
Our guide will provide a comprehensive overview of the five steps required to successfully set up an S-corp, the advantages of this status, and how to know if an S-corp is right for your business type.