Completing the 2553

This form is used to change the tax election of an LLC / Corporation to Small Business taxation. You will need both your SSN as well as the EIN of the company. This form is normally completed after your initial meeting and upon the advice of your accountant. Review, print, sign and date the form […]

sub Chapter S

The “S” tax election can be applied to either a Corporation or an LLC with identical benefits and filing requirements. The main benefits to you as a small business owner includes a reduction in the amount of Social Security / Medicare taxes that you would have to pay on company profits and the ability to […]