You can start entering your information and come back when you’re ready.
START HERE
Wondering what happens after you submit your incorporation order to us? Have questions about using MaxFilings to incorporate your business or form an LLC? Here you'll see basic questions about our system that can help make your experience smooth and hassle-free. FAQ About MaxFilings
MORE BUSINESS SERVICES
- Registered Agent
- Certified Copy of Business Formation Documents
- Foreign Qualification
- Certificate of Good Standing
- Business Forms on CD
- Kit, Seal & Sample Forms
– Profit Corporation - Kit, Seal & Sample Forms
– Professional Corporation - Kit, Seal & Sample Forms
– LLC - Kit, Seal & Sample Forms
– Professional LLC - Kit, Seal & Sample Forms
– Nonprofit Corporation - Amendment
- DBA - Fictitious Name
- Apostille
- Obtain Federal Tax ID # (EIN)
- Prepare Federal Tax ID # (EIN)
- Reinstatement
- Conversion
- Dissolution
- Name Check
- Name Reservation
- Prepare S Corporation Election
“Let me say that I was super impressed with your service. As you know I am opening a 160 seat restaurant which is consuming all of my time right now. I appreciate the quality and speed at which you worked. I loved your service. I am sure our paths will cross again when I open La Casanova 2, 3 and 4.”
- Barbara Castronovo, La Casa Novas Restaurant, LLC, Florida
“I am very happy to say that I had a great experience using MaxFilings. I was especially pleased by the prompt service and the e-mails that would give me updated progress reports. I would definitely use them again.”
- Sharon Freitas, Emmalon Inc., New York
Can S Corporation Status Reduce Self-Employment Taxes?
Yes. When it comes to self-employment taxes, S Corporations are better than Limited Liability Companies (LLC’s). It is generally agreed that LLC managing owners must pay self-employment taxes on their share of the LLC’s profits and that can amount to more than 15% of taxable income. But S Corporation shareholders only pay self-employment taxes on compensation they receive in the form of salaries and bonuses, not on their share of the corporation’s profits. This represents an obvious benefit.
And to take even further advantage of this benefit, some S Corporation owners pay themselves salaries that are as low as are reasonable (in the eyes of the IRS), leaving more profits (not subject to self-employment taxes) that are allocated to the shareholders.
Tax issues are very complex so it is always advisable to consult with an expert tax advisor before coming to any final conclusions and in determining what salaries the IRS will consider reasonable.
S Corporations can reduce self-employment taxes but LLC’s come out on top when it comes to pass-through treatment of profits and losses. See “Is pass-through tax treatment the same for LLC’s & S Corporations?“
Start forming your LLC or S Corporation now >> View MaxFilings incorporation fees by state and business entity >> |
MaxFilings is an online incorporation service that lets you incorporate or form an LLC in just 10 minutes, or start organizing your information until you are ready. There is no charge to store incorporation information in the secure MaxFilings system, and there is never any obligation to order.