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Reduce Your Tax Burden with S Corp Election

Have your LLC taxed as an S Corporation and potentially save thousands in self-employment taxes. Our experts handle Form 2553 filing so you can focus on maximizing your tax savings.

Reduce Your Tax Burden with S Corp Election - BR.LK

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Paying full self-employment tax on every dollar your LLC earns?

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Money Left On The Table

A profitable LLC taxed by default pays self-employment tax on all net income. Electing S-Corp status lets you split earnings into a reasonable salary plus distributions, which can save thousands once profits are consistent.

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Strict Form 2553 Deadlines

The S-Corp election runs on Form 2553 with hard IRS timing windows, generally within 75 days of formation or the start of the tax year. Miss the window and you wait another full year or fight for late-election relief.

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Election Is Not Always Worth It

Below a certain profit level, payroll and compliance costs can outweigh the tax savings, and non-resident ownership adds eligibility limits. The honest answer requires running your numbers before you file, not after.

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What is an S Corporation Tax Election?

S Corporation Tax Election allows your LLC to be taxed as an S Corporation instead of a sole proprietorship or partnership. This strategic tax decision can significantly reduce your self-employment tax burden, potentially saving you thousands of dollars annually.

By filing IRS Form 2553, you elect to have your business income, losses, deductions, and credits pass through to shareholders, avoiding double taxation while reducing self-employment taxes on distributions. You'll pay yourself a reasonable salary subject to payroll taxes, while remaining profits are distributed tax-efficiently.

This tax structure is particularly beneficial for profitable LLCs where owners can justify a reasonable salary and still have significant distributions remaining. The savings on Social Security, Medicare, and FICA taxes can be substantial as your business grows.

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How It Works

Elect S Corp status for your LLC in three straightforward steps.

  1. 1

    Eligibility Review

    We verify your LLC meets all IRS requirements for S Corp election, including ownership structure and business type.

  2. 2

    Form 2553 Preparation

    Our experts accurately complete IRS Form 2553 with all required shareholder information and election details.

  3. 3

    IRS Filing

    We file your S Corporation Tax Election with the IRS within the required timeframe to ensure acceptance.

  4. 4

    Confirmation and Setup

    Receive IRS confirmation and guidance on payroll setup, reasonable compensation, and ongoing compliance requirements.

Why Choose Our S Corp Tax Election Services?

Professional guidance and accurate Form 2553 filing to help you reduce taxes and stay compliant with the IRS.

Significant Tax Savings

Significant Tax Savings

Reduce self-employment taxes by thousands annually through strategic salary and distribution planning.

IRS Compliance Experts

IRS Compliance Experts

Avoid IRS filing and record-keeping mistakes with our experienced tax professionals handling Form 2553.

Timely Filing Guaranteed

Timely Filing Guaranteed

We ensure your S Corp election is filed within IRS deadlines to avoid missing the tax year cutoff.

Dedicated Tax Support

Dedicated Tax Support

Get personalized guidance on reasonable compensation, payroll setup, and ongoing S Corp requirements.

Tax Savings Calculator

Tax Savings Calculator

Access our S Corp tax calculator to estimate your potential savings before you commit.

Complete Documentation

Complete Documentation

Receive all necessary documentation including shareholder consent forms and election confirmation.

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Your Questions, Our Expertise

Find quick answers to common questions about our business services. From setup processes to compliance requirements, we've compiled the insights you need to make informed decisions about your business journey.

Choose Your Success Package

Transparent, competitive pricing for US LLC and UK company formation, designed to fit businesses of every size. Choose the package that fits your needs, with flexible options that scale as you grow.

Basic

$97
State filing fees (varies by state)

Essential LLC formation package

  • Certificate of Formation
  • Articles of Organization
  • Registered Agent Service (1 year)
  • USA physical address
  • Business tax consultation
  • Complete incorporation documents
  • Customizable business agreement template
  • Lifetime compliance alerts
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Growth

$159
State filing fees (varies by state)

Complete business setup package

  • Certificate of Formation
  • Articles of Organization
  • Registered Agent Service (1 year)
  • USA physical address
  • Business tax consultation
  • Complete incorporation documents
  • Customizable business agreement template
  • Lifetime compliance alerts
  • Order priority processing
  • Fast EIN (Tax ID) processing
  • BOI Report filing
  • Bank account setup consulting (Wise, Mercury)
  • Stripe setup consultation
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Enterprise

$179
State filing fees (varies by state)

Premium package with advanced services

  • Certificate of Formation
  • Articles of Organization
  • Registered Agent Service (1 year)
  • USA physical address
  • Business tax consultation
  • Complete incorporation documents
  • Customizable business agreement template
  • Lifetime compliance alerts
  • Order priority processing
  • Fast EIN (Tax ID) processing
  • BOI Report filing
  • Bank account setup consulting (Wise, Mercury)
  • Stripe setup consultation
  • DUNS number registration
Get Started

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