Should you elect S-corp?
What an S-corp election does, when it tends to make sense, and the deadline to keep in mind.
Should you elect S-corp?
An LLC can elect to be taxed as an S-corporation, which can reduce self-employment tax once your profit is high enough — but it also requires running payroll for yourself and filing a separate return. You make the election by filing a form, and timing matters (there's an early-year deadline).
Education, not tax advice
Whether an S-corp is right for you depends on your numbers. Your Uplinq tax team can run the analysis.
What this article will cover
- What the S-corp election changes
- Roughly when it starts to make sense
- The filing form and deadline to be aware of
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