File S-Corp Election

File your S-Corp election the right way.

Whether you're forming a new entity or electing S-Corp status for an existing LLC, we handle the paperwork, timing, and tax strategy.

When S-Corp Makes Sense

Is an S-Corp election right for you?

If your single-member or multi-member LLC is consistently profitable beyond a reasonable salary, S-Corp can reduce self-employment tax.

S-Corp benefits assume you actively work in the business and can justify a reasonable W-2 salary.

Steady income makes the additional payroll, filings, and basis tracking worthwhile. Volatile income may not.

01
Step 1
Eligibility Review
We confirm your entity type, ownership structure, and tax-year situation qualify for S-Corp election.
02
Step 2
Form 2553 Preparation
We prepare Form 2553 with proper effective date, shareholder consents, and supporting documentation.
03
Step 3
Filing & Confirmation
We file with the IRS and track acceptance. If you missed the deadline, we evaluate Rev. Proc. 2013-30 late-election relief.
04
Step 4
Payroll & Comp Setup
We help set up reasonable W-2 compensation and quarterly payroll filings — required to keep S-Corp status defensible.

What to Watch

Paying yourself $0 salary while taking large distributions is the #1 IRS audit trigger for S-Corps. We benchmark and document properly.

Form 2553 must generally be filed within 2 months and 15 days of the tax year. Late-election relief is available — we handle it.

Distributions in excess of basis become taxable. We track basis from year one to avoid surprises.

Colorado generally honors federal S-Corp status, but other states (especially CA, NY, NJ) have separate elections and entity-level taxes.