As your business keeps growing, you may be wondering – Should I Form an S-Corp?
This is a question I get a lot. And the short answer is – it depends. You need to weigh the extra costs and determine if the benefits are worth it for your specific situation.
00:20 Benefits of an S-Corp:
1. Tax savings
2. Smoother cash flow
01:57 Costs of Running an S-Corp:
1. More rules
2. Running payroll
3. Corporate tax return
From confusion to clarity, Accountabilities has you covered.