Pros and Cons of Forming an S-Corp for Your Business

Pros and Cons of Forming an S-Corp for Your Business

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.

https://youtu.be/0wgLU6nwJaw

00:20 Benefits of an S-Corp:

1. Tax savings

2. Smoother cash flow

00:41 Costs of Running an S-Corp:

1. More rules

2. Running payroll

3. Corporate tax return

From confusion to clarity, Accountabilities has you covered.