United States
Reduce your self-employment tax burden while maintaining corporate credibility. An S-Corp election can save US-resident business owners thousands of dollars each year.
15–30%
Tax Savings
100 max
Shareholder Limit
Required
US Citizens Only
Mar 15
Election Deadline
Pros
Cons
Step by Step
You must first form a standard LLC or C-Corp at the state level before making the S-Corp tax election with the IRS.
~ 1–3 business days
Confirm that all shareholders are US citizens or permanent residents, there are no more than 100 shareholders, and the entity has only one class of stock.
We verify eligibility for you
Submit Form 2553 (Election by a Small Business Corporation) to the IRS. The election must be filed by March 15 for it to apply to the current tax year.
Included in select plans
As an owner-employee, you must pay yourself a reasonable salary that reflects market rates for your role. This is scrutinized by the IRS.
CPA guidance included
Once your salary is set, you need payroll to withhold and remit payroll taxes. Suits Finance can connect you with payroll providers.
Partner discounts available
S-Corps file Form 1120-S annually with the IRS and issue K-1 forms to shareholders reporting their share of income, deductions, and credits.
Included in Tax plans
Suits Finance handles every step — from filing to compliance.
Pricing
Form your entity and file the S-Corp election with the IRS.
Full tax management for S-Corp owners.
Taxes, bookkeeping, and analytics under one roof.
FAQ
Other Entity Types