{"id":13803,"date":"2024-12-28T18:17:26","date_gmt":"2024-12-29T01:17:26","guid":{"rendered":"https:\/\/wcginc.com\/kb\/formation-of-an-llc-or-s-corp\/"},"modified":"2026-01-26T17:09:56","modified_gmt":"2026-01-26T17:09:56","slug":"formation-of-an-llc-or-s-corp","status":"publish","type":"epkb_post_type_1","link":"https:\/\/wcginc.com\/kb\/formation-of-an-llc-or-s-corp\/","title":{"rendered":"Formation of an LLC or S Corp"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 ez-toc-wrap-right counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table Of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/wcginc.com\/kb\/formation-of-an-llc-or-s-corp\/#LLC_Professional_Corporation_or_Corporation\" >LLC, Professional Corporation or Corporation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/wcginc.com\/kb\/formation-of-an-llc-or-s-corp\/#Operating_Agreements\" >Operating Agreements<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/wcginc.com\/kb\/formation-of-an-llc-or-s-corp\/#Accountable_Plan\" >Accountable Plan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/wcginc.com\/kb\/formation-of-an-llc-or-s-corp\/#Corporate_Minutes_and_Books_of_Record\" >Corporate Minutes and Books of Record<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/wcginc.com\/kb\/formation-of-an-llc-or-s-corp\/#Business_Banking\" >Business Banking<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/wcginc.com\/kb\/formation-of-an-llc-or-s-corp\/#S_Corp_Election\" >S Corp Election<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/wcginc.com\/kb\/formation-of-an-llc-or-s-corp\/#Taxpayers_Comprehensive_Guide_to_LLCs_and_S_Corps_2025_Edition\" >Taxpayer\u2019s Comprehensive Guide to LLCs and S Corps 2025 Edition<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/wcginc.com\/kb\/formation-of-an-llc-or-s-corp\/#Talk_to_a_Small_Business_CPA_About_Your_Situation\" >Talk to a Small Business CPA About Your Situation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/wcginc.com\/kb\/formation-of-an-llc-or-s-corp\/#Schedule_Discovery_Meeting_Now\" >Schedule Discovery Meeting Now<\/a><\/li><\/ul><\/nav><\/div>\n<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_column_text css=&#8221;&#8221; woodmart_inline=&#8221;no&#8221; text_larger=&#8221;no&#8221;]<img decoding=\"async\" class=\"size-full wp-image-31153 alignright\" src=\"https:\/\/wcginc.com\/wp-content\/uploads\/015112_217804537_form_an_llc_300.jpg\" alt=\"\" width=\"300\" height=\"200\" \/>By <strong>Jason Watson, CPA<\/strong><br \/>\nPosted Sunday, December 29, 2024<\/p>\n<p>It is very easy to form an LLC and have it taxed as an S corporation. However, an S Corp is not formed by itself; another entity is created and then taxed as an S Corp. If you use a limited liability company as the underlying entity, at times people will refer to this as an LLC S Corp.<\/p>\n<p>While LLC formation is easy, it is also very easy to screw it up. <strong>WCG CPAs &amp; Advisors<\/strong> can assist with all the filings with the Secretary of State (for any state), and our fee is $625 plus the state filing fees ($50 to $200ish, some states are even $500). Some states such as Nevada require an initial report, and that will typically add $150 to our fee plus the initial report fee. As an aside, Nevada might have good corporate laws but it is an expensive state to form a business entity in. More on the Nevada hype in a bit.<\/p>\n<p>Sure, you can form an LLC on your own or through LegalZoom, but we will provide consultation and advice during the startup process. You can also use an attorney but be careful since not all attorneys are the same. If you were an idiot before law school, getting a law degree doesn\u2019t suddenly make you smart. We have seen many things messed up by attorneys who didn\u2019t understand their client\u2019s needs, didn\u2019t understand the tax code, unnecessarily complicated the heck out of an otherwise simple entity structure, so on and so forth.<\/p>\n<p>Accountants and doctors are not immune. How many quack doctors are there? Plenty. Accountants? Just a bunch of nerdy, socially awkward types. Thanks to Ben Affleck, us accountants are also secret assassins. Thanks Ben, the secret is out. Way to go, wizard.<\/p>\n<p>Some of the kidding aside, we have seen some attorneys do some ingenious things as well. We work with business law and corporate attorneys all the time. It is a great relationship since they know corporate governance and contract law, and we know taxation and businesses. Do not think you only need an attorney- you need both an attorney and sharp consultants.<\/p>\n<p>For your small business formation, WCG will do the following-<\/p>\n<ul>\n<li>Create Articles of Formation or Incorporation, and file with the Secretary of State,<\/li>\n<\/ul>\n<ul>\n<li>File an initial report if required,<\/li>\n<\/ul>\n<ul>\n<li>Check on local taxing jurisdictions for registrations (for example, San Francisco which has its own registration form and fee in addition to the State of California),<\/li>\n<\/ul>\n<ul>\n<li>Obtain your <a href=\"https:\/\/www.irs.gov\/businesses\/small-businesses-self-employed\/apply-for-an-employer-identification-number-ein-online\" target=\"_blank\" rel=\"noopener\">Employer Identification Number<\/a> (EIN) from the IRS and,<\/li>\n<\/ul>\n<ul>\n<li>Create an Operating Agreement (for single-member LLCs only since rights are not being represented) or provide a MS-Word template set of Bylaws for corporations.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"LLC_Professional_Corporation_or_Corporation\"><\/span>LLC, Professional Corporation or Corporation<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Typically, we will want to form an LLC and later elect S corporation status. However, certain states require certain professions such as accountants, attorneys and doctors to be professional corporations. These entities can also elect S Corp taxation.<\/p>\n<p style=\"padding-left: 40px;\"><span style=\"color: #0000ff;\"><strong>Side Note:<\/strong> <\/span>California allows corporate officers to opt-out of the State Disability Insurance (SDI) tax, which can easily exceed $1,000 annually depending on your salary. However, if you create an LLC and have it taxed as an S corporation, California says No since the underlying entity remains an LLC.<\/p>\n<p style=\"padding-left: 40px;\">If you create a corporation and elect S Corp taxation, then you can opt-out. Subtle difference, and the fees are virtually the same. Several states have nuances like this that LegalZoom and others might not be aware of since they don\u2019t process payroll and prepare tax returns.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Operating_Agreements\"><\/span>Operating Agreements<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Multi-member LLCs and Partnerships need agreements between the members and partners respectively. As mentioned through this chapter, there are issues such as death, divorce, incapacitation, spending limits, required distributions (so you have cash to pay taxes), valuation techniques, offramps \/ exit strategies, etc. that need to be addressed. These agreements are legal in nature and represent rights, therefore WCG cannot assist in drafting these. However, we act in a consulting capacity with attorneys all the time to ensure a quality agreement is drafted that meets the client\u2019s needs and objectives from all aspects.<\/p>\n<p>We have more details on Operating Agreements later in Chapter 2 including deal structures and other way cooler stuff than entities alone. Please review yours for probable missing things.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Accountable_Plan\"><\/span>Accountable Plan<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>If your underlying entity is a corporation then we also draft Corporate Minutes for your Book of Record to adopt an Accountable Plan which is used for employee reimbursements (see our fun-filled chapter on operating your S Corp).<\/p>\n<p>The days of deducting out of pocket expenses such as mileage, cell phone and home office were not a good idea with S corporations prior to the Tax Cuts and Jobs Act of 2017, but today they are essentially gone. The Accountable Plan allows you to reimburse yourself as an employee, and as such the deduction is taken on the business tax return (which in turn reduces the amount net ordinary income being passed through to the shareholders). We will show you how this is a slick way of pulling money out of your business in the form of employee expense reimbursements.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Corporate_Minutes_and_Books_of_Record\"><\/span>Corporate Minutes and Books of Record<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>This is a bit old school. Back in the day, you needed an attorney and a $5,000 check to create a corporation since we didn\u2019t have the use of an LLC. The process was very formalized since only large businesses did it, and the states used the process to track the comings and goings of businesses operating in their jurisdiction. Plus these documents were public and used by shareholders.<\/p>\n<p>However, if your underlying entity is a corporation, WCG (formerly Watson CPA Group) recommends maintaining your Book of Record for three reasons- helps to maintains the integrity of the corporate veil, some banks and other institutions might ask for it to allow you, the controlling shareholder, to act on behalf of the corporation (such as buying an automobile in the business\u2019 name), and the IRS from time to time will ask for it during an audit.<\/p>\n<p>Corporate Minutes are generally not required for LLCs; again, because LLCs are not corporations.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Business_Banking\"><\/span>Business Banking<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The three typical small business formation documents (Articles of Organization \/ Formation, EIN and Operating Agreement) are required by most banks for a business checking account. An Operating Agreement is not always required. The Patriot Act, Bank Secrecy Act and Homeland Security want to clamp down on illegitimate business accounts and financial holdings. While it might throw off the Feds, Guido\u2019s Money Laundering LLC is a no-go for your business checking account name unless you have an EIN, which defeats the purpose if you are Guido.<\/p>\n<p>So, all banks will want either an EIN or a SSN to open a checking account regardless of it is a personal or business checking account. Your business EIN is also tied to your SSN. Follow the money, find the bad guys.<\/p>\n<p style=\"margin-left: 40px;\"><span style=\"color: #0000ff;\"><strong>Note:<\/strong> <\/span>You can also just get another personal checking account (typically for free from your current bank). However, if you plan on taking checks written in your business name, you\u2019ll need a business checking account or a personal checking account with a DBA (doing business as). Then again, most people are utilizing direct deposit or some sort of ACH \/ EFT deposit which bypasses account names issues.<\/p>\n<p>Remember, you can also create a DBA for your entity name. So, if your business is a franchise but you want a different LLC name on the checking account, you can be Big Bucks LLC dba Starbucks or Bad Coffee dba Starbucks. Remember, friends don\u2019t let friends drink Starbucks. Please, find a decent coffee for yourself unless it is wintertime, and Starbuck\u2019s chestnut and praline latte is in season. Yum!<\/p>\n<p>We pick on Starbucks, but you have to admit while they might not have the best coffee, they are prolific and consistent throughout the world. You always know what you are going to get. Oh, and they made drinking $6 lattes fashionable and helped launch hundreds of thousands of small coffee shops. Wow, we really went off there.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"S_Corp_Election\"><\/span>S Corp Election<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The S Corp election can wait. As mentioned throughout this book, $38,000 net income after expenses is the break-even point for an S Corp. Not sure? Not to worry, we can elect S Corp as far back as three and a half (3 \u00bd) years using special IRS Revenue Procedure 2013-30 (as opposed to the 75 days provided in the Form 2553 instructions). WCG files about 150-175 late S Corp elections each year, and we are batting 100% on getting them pushed through.<\/p>\n<p>Therefore, if net income is unknown or unpredictable, our advice is to wait until November or December to decide if the election makes sense, and then make it retroactive to the start of the LLC formation or January 1. So, get the LLC in place now and wait on the S Corp trigger until it makes sense- and Yes, we provide this consultation for you. Then again, if you are converting from W-2 to an independent contractor and your revenue is known, then we can form an LLC or corporation, and file the S Corp election right away.<\/p>\n<p>Note that the last paragraph spoke of possibly delaying the S Corp election for an LLC. What if you are required to form a Professional Corporation (PC) because of your business activity (doctor, attorney, accountant, etc.)? Since a PC must file a separate tax return and incur a tax preparation fee, which is large chunk of the break-even analysis, an immediate S corporation election upon PC creation might be prudent.<\/p>\n<p>More on the late election later but here is a spoiler-<\/p>\n<ul>\n<li>You could be in the middle of March 202<span style=\"text-decoration: underline;\">6<\/span>,<\/li>\n<\/ul>\n<ul>\n<li>Elect S Corp status back to January 202<span style=\"text-decoration: underline;\">5<\/span> and<\/li>\n<\/ul>\n<ul>\n<li>Run a late 202<span style=\"text-decoration: underline;\">5<\/span> payroll event dated 12\/31\/2<span style=\"text-decoration: underline;\">5<\/span> (or simulate Officer Compensation with a one-time 1099-NEC). Boom! You just save 8-10% of your net business income in taxes.<\/li>\n<\/ul>\n<p>This is all legit, pain in the butt for us, but all legit and successful. Sure, there are some devils in the details in terms of your reasonable cause of the late election, and we will review those with you. WCG CPAs &amp; Advisors did this about 160 times last year, and we\u2019ve been doing this for more than a decade without major hiccups. Not the ideal way in the eyes of the IRS- but then again, hate the game not the player. We are just playing within the parameters of their game.<\/p>\n<p>point where an S Corp makes sense is about $50,000 in net business income after expenses. Why? Simple cost benefit analysis. The expense of running an S Corporation such as payroll and tax preparation equals the savings at $50,000.<\/p>\n<p>How did we calculate that? Our <a href=\"https:\/\/wcginc.com\/fee-structure\/\" target=\"_blank\" rel=\"noopener\">Vail business advisory service<\/a> package is $4,500 per year. Take this number and divide it by an average savings of 9%, and that equals $50,000. Our business advisory service packages are discussed further, but it is basically your corporate tax return (Form 1120S), individual tax return (Form 1040 and state), shareholder payroll planning and processing via ADP, household tax planning and tax strategy sessions, and routine consultation.<\/p>\n<p style=\"padding-left: 40px;\"><span style=\"color: #0000ff;\"><strong>Note:<\/strong><\/span> Our Telluride business advisory package is $4,980 and includes pro-active business entity tax planning for your state\u2019s pass-through entity tax (PTET) calculation and any other business tax matters for the state.<\/p>\n<p>What the heck is PTET? Check it out-<\/p>\n<p><a href=\"https:\/\/wcginc.com\/blog\/pass-through-entity-tax-deduction\/\" target=\"_blank\" rel=\"noopener\">wcginc.com\/ptet<\/a><\/p>\n<p>Let\u2019s say you are teetering on that income figure, and not sure about running payroll and all that jazz. You could still run your business income and expenses through your individual tax return (Schedule C on Form 1040) as a sole proprietor, and take the small self-employment tax hit. Then simply file a No Activity tax return for your S Corp. Legal. Legit. Sure, not perfectly elegant but certainly all good in the IRS hood.<\/p>\n<p>If you expect to lose money the first two or three years, the S Corp election becomes a bit more complicated, and more discussion is required- it is generally better to delay the S Corp election so you can avoid the costs and hassles of filing a corporate tax return. More importantly, a single-member LLC or sole proprietor can theoretically have unlimited losses (assuming the money is all at-risk) where a partnership or S Corp cannot because of partner and shareholder basis rules. Briefly, as an S corporation you are both an investor and an employee. As an investor in any business, you cannot lose more than your investment (basis). Same thing here.<\/p>\n<p>Here are some more gee-whiz stats\u00a0(IRS is slow to release this stuff)-<\/p>\n<table style=\"width: 80%;\">\n<tbody>\n<tr>\n<td style=\"width: 60%; text-align: left;\"><strong><u>Industry<\/u><\/strong><\/td>\n<td style=\"width: 20%; text-align: center;\"><strong><u>Tax Returns<\/u><\/strong><\/td>\n<td style=\"width: 20%; text-align: center;\"><strong><u>Share<\/u><\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 60%; text-align: left;\">Professional, Scientific &amp; Technical Services<\/td>\n<td style=\"width: 20%; text-align: center;\">702,282<\/td>\n<td style=\"width: 20%; text-align: center;\">16.7%<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 60%; text-align: left;\">Wholesale &amp; Retail<\/td>\n<td style=\"width: 20%; text-align: center;\">652,750<\/td>\n<td style=\"width: 20%; text-align: center;\">15.5%<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 60%; text-align: left;\">Construction<\/td>\n<td style=\"width: 20%; text-align: center;\">544,711<\/td>\n<td style=\"width: 20%; text-align: center;\">12.9%<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 60%; text-align: left;\">Real Estate<\/td>\n<td style=\"width: 20%; text-align: center;\">461,284<\/td>\n<td style=\"width: 20%; text-align: center;\">11.0%<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 60%; text-align: left;\">Health Care &amp; Social Assistance<\/td>\n<td style=\"width: 20%; text-align: center;\">354,625<\/td>\n<td style=\"width: 20%; text-align: center;\">8.4%<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 60%; text-align: left;\">Accommodation &amp; Food Service<\/td>\n<td style=\"width: 20%; text-align: center;\">234,534<\/td>\n<td style=\"width: 20%; text-align: center;\">5.6%<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 60%; text-align: left;\">Waste Management &amp; Remediation<\/td>\n<td style=\"width: 20%; text-align: center;\">209,690<\/td>\n<td style=\"width: 20%; text-align: center;\">5.0%<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 60%; text-align: left;\">Finance &amp; Insurance<\/td>\n<td style=\"width: 20%; text-align: center;\">162,832<\/td>\n<td style=\"width: 20%; text-align: center;\">3.9%<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 60%; text-align: left;\">Manufacturing<\/td>\n<td style=\"width: 20%; text-align: center;\">157,884<\/td>\n<td style=\"width: 20%; text-align: center;\">3.8%<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 60%; text-align: left;\">Transportation &amp; Warehousing<\/td>\n<td style=\"width: 20%; text-align: center;\">152,086<\/td>\n<td style=\"width: 20%; text-align: center;\">3.6%<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 60%; text-align: left;\">Other<\/td>\n<td style=\"width: 20%; text-align: center;\">575,000<\/td>\n<td style=\"width: 20%; text-align: center;\">13.7%<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 60%; text-align: left;\"><\/td>\n<td style=\"width: 20%; text-align: center;\"><\/td>\n<td style=\"width: 20%; text-align: center;\"><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 60%; text-align: left;\">Total<\/td>\n<td style=\"width: 20%; text-align: center;\">4,207,678<\/td>\n<td style=\"width: 20%; text-align: center;\">100.0%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space height=&#8221;25px&#8221;][vc_column_text]<style data-type=\"vc_shortcodes-custom-css\">#wd-6915e3dd2a9b5 .info-box-title{line-height:40px;font-size:30px;color:#473d3c;}#wd-6915e3dd2a9b5 .info-box-inner{line-height:26px;font-size:16px;color:#473d3c;}#wd-6915e437409dd .info-box-title{line-height:40px;font-size:30px;color:#473d3c;}#wd-6915e437409dd .info-box-inner{line-height:26px;font-size:16px;color:#473d3c;}#wd-68460c16bff16 .info-box-title{line-height:60px;font-size:50px;color:#473d3c;}#wd-68460c16bff16 .info-box-inner{line-height:26px;font-size:16px;color:#473d3c;}#wd-687b937e0887f .info-box-title{line-height:26px;font-size:16px;color:#473d3c;}#wd-687b937e0887f .info-box-inner{line-height:22px;font-size:12px;color:#473d3c;}#wd-687b9384e0d51 .info-box-title{line-height:26px;font-size:16px;color:#473d3c;}#wd-687b9384e0d51 .info-box-inner{line-height:22px;font-size:12px;color:#473d3c;}#wd-687b938a8f4b3 .info-box-title{line-height:26px;font-size:16px;color:#473d3c;}#wd-687b938a8f4b3 .info-box-inner{line-height:22px;font-size:12px;color:#473d3c;}#wd-68bcf7fc8516a .info-box-title{line-height:40px;font-size:30px;color:#473d3c;}#wd-68bcf7fc8516a .info-box-inner{line-height:26px;font-size:16px;color:#473d3c;}#wd-68bcfccd83cf7 .info-box-title{line-height:46px;font-size:36px;color:#473d3c;}#wd-68bcfccd83cf7 .info-box-inner{line-height:26px;font-size:16px;color:#473d3c;}@media (max-width: 1199px) {#wd-6915e3dd2a9b5 .info-box-title{line-height:34px;font-size:24px;}#wd-6915e3dd2a9b5 .info-box-inner{line-height:24px;font-size:14px;}#wd-6915e437409dd .info-box-title{line-height:34px;font-size:24px;}#wd-6915e437409dd .info-box-inner{line-height:24px;font-size:14px;}#wd-68460c16bff16 .info-box-title{line-height:50px;font-size:40px;}#wd-687b937e0887f .info-box-title{line-height:25px;font-size:15px;}#wd-687b9384e0d51 .info-box-title{line-height:25px;font-size:15px;}#wd-687b938a8f4b3 .info-box-title{line-height:25px;font-size:15px;}#wd-68bcf7fc8516a .info-box-title{line-height:34px;font-size:24px;}#wd-68bcf7fc8516a .info-box-inner{line-height:24px;font-size:14px;}#wd-68bcfccd83cf7 .info-box-title{line-height:36px;font-size:26px;}#wd-68bcfccd83cf7 .info-box-inner{line-height:24px;font-size:14px;}}@media (max-width: 767px) {#wd-6915e3dd2a9b5 .info-box-title{line-height:28px;font-size:18px;}#wd-6915e3dd2a9b5 .info-box-inner{line-height:24px;font-size:14px;}#wd-6915e437409dd .info-box-title{line-height:28px;font-size:18px;}#wd-6915e437409dd .info-box-inner{line-height:24px;font-size:14px;}#wd-68460c16bff16 .info-box-title{line-height:40px;font-size:30px;}#wd-687b937e0887f .info-box-title{line-height:24px;font-size:14px;}#wd-687b9384e0d51 .info-box-title{line-height:24px;font-size:14px;}#wd-687b938a8f4b3 .info-box-title{line-height:24px;font-size:14px;}#wd-68bcf7fc8516a .info-box-title{line-height:28px;font-size:18px;}#wd-68bcf7fc8516a .info-box-inner{line-height:24px;font-size:14px;}#wd-68bcfccd83cf7 .info-box-title{line-height:28px;font-size:18px;}#wd-68bcfccd83cf7 .info-box-inner{line-height:24px;font-size:14px;}}<\/style><div class=\"wpb-content-wrapper\">[vc_row][vc_column]\t\t\t<div class=\"info-box-wrapper\">\n\t\t\t\t<div id=\"wd-6915e3dd2a9b5\" class=\" wd-rs-6915e3dd2a9b5 wd-info-box wd-wpb text-center box-icon-align-top box-style- color-scheme- wd-bg-none border-btm-title kb \">\n\t\t\t\t\t\t\t\t\t\t<div class=\"info-box-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"info-box-inner reset-last-child\"><p style=\"text-align: center;\"><em>Jason Watson, CPA, is a Partner and the CEO of <strong>WCG CPAs &amp; Advisors<\/strong>, a boutique yet progressive tax, accounting and business consultation firm located in Colorado serving small business owners and taxpayers worldwide.<\/em><\/p>\n<div style=\"display: flex; justify-content: center;\"><a href=\"https:\/\/www.linkedin.com\/in\/jason-watson-cpa\/\"><img decoding=\"async\" class=\"alignnone wp-image-17327 entered lazyloaded\" style=\"height: 35px!important; width: auto!important;\" src=\"https:\/\/wcginc.com\/wp-content\/uploads\/linkedin-150x150-1.png.webp\" alt=\"Jason Watson CPA LinkedIn\" \/><\/a>\u00a0\u00a0\u00a0\u00a0\u00a0<a href=\"mailto:jason@wcginc.com\"><img decoding=\"async\" class=\"alignnone size-thumbnail wp-image-17334 entered lazyloaded\" style=\"height: 35px!important; width: auto!important;\" src=\"https:\/\/wcginc.com\/wp-content\/uploads\/mail-150x150-1.png.webp\" alt=\"Jason Watson CPA Email\" \/><\/a><\/div>\n<\/div>\n\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\n\t\t\t\t\t<style><\/style>\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<div class=\"info-box-wrapper\">\n\t\t\t\t<div id=\"wd-6915e437409dd\" class=\" wd-rs-6915e437409dd wd-info-box wd-wpb text-left box-icon-align-top box-style- color-scheme- wd-bg-none border-btm-title img-right kb \">\n\t\t\t\t\t\t\t\t\t\t<div class=\"info-box-content\">\n\t\t\t\t\t\t<h2 class=\"info-box-title title wd-font-weight-800 box-title-style-default font-primary wd-fontsize-m\"><span class=\"ez-toc-section\" id=\"Taxpayers_Comprehensive_Guide_to_LLCs_and_S_Corps_2025_Edition\"><\/span>Taxpayer\u2019s Comprehensive Guide to LLCs and S Corps 2025 Edition<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t\t\t<div class=\"info-box-inner reset-last-child\"><p><img decoding=\"async\" class=\"size-full wp-image-31529 alignnone\" src=\"https:\/\/wcginc.com\/wp-content\/uploads\/LLC-S-Corp-Web-and-Social-GFX_275-250x300-1.webp\" alt=\"Taxpayer\u2019s Comprehensive Guide to LLCs and S Corps 2025 Edition\" width=\"250\" height=\"300\" \/>This KB article is an excerpt from our 420+ page book (some picture pages, but no scatch and sniff) which is available in paperback from\u00a0<a href=\"https:\/\/www.wcginc.com\/amazon\" target=\"_blank\" rel=\"noopener\">Amazon<\/a>, as an eBook for\u00a0<a href=\"https:\/\/www.wcginc.com\/kindle\" target=\"_blank\" rel=\"noopener\">Kindle<\/a>\u00a0and as a\u00a0<a href=\"https:\/\/www.wcginc.com\/pdf\" target=\"_blank\" rel=\"noopener\">PDF<\/a>\u00a0from ClickBank. We used to publish with iTunes and Nook, but keeping up with two different formats was brutal. You can cruise through these KB articles online, click on the fancy buttons below or\u00a0<a href=\"https:\/\/wcginc.com\/business-services\/book\/\" target=\"_blank\" rel=\"noopener\">visit our webpage<\/a>\u00a0which provides more information.<\/p>\n<table class=\"purchase-table\">\n<tbody>\n<tr>\n<td style=\"text-align: center;\"><a href=\"\/amazon\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"alignnone size-full wp-image-6657 aligncenter\" style=\"float: none;\" src=\"https:\/\/wcginc.com\/wp-content\/uploads\/amazon-imageresized.png.webp\" alt=\"LLCs and S Corp Book Amazon\" width=\"50\" height=\"50\" \/><\/a><\/td>\n<td style=\"text-align: center;\"><a href=\"\/kindle\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"alignnone size-full wp-image-6658\" style=\"float: none;\" src=\"https:\/\/wcginc.com\/wp-content\/uploads\/kindle-imageresized.png.webp\" alt=\"LLCs and S Corp Book Kindle\" width=\"50\" height=\"50\" \/><\/a><\/td>\n<td style=\"text-align: center;\"><a href=\"\/pdf\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"alignnone size-full wp-image-6659 aligncenter\" style=\"float: none;\" src=\"https:\/\/wcginc.com\/wp-content\/uploads\/PDFresized.png.webp\" alt=\"LLCs and S Corp Book PDF\" width=\"50\" height=\"50\" \/><\/a><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\"><strong>$49.95<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>$39.95<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>$29.95<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\n\t\t\t\t\t<style><\/style>\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t[\/vc_column][\/vc_row][vc_row equal_height=\"yes\" content_placement=\"top\" el_id=\"consultation-secc\" woodmart_css_id=\"6756f7d427735\" responsive_spacing=\"eyJwYXJhbV90eXBlIjoid29vZG1hcnRfcmVzcG9uc2l2ZV9zcGFjaW5nIiwic2VsZWN0b3JfaWQiOiI2NzU2ZjdkNDI3NzM1Iiwic2hvcnRjb2RlIjoidmNfcm93IiwiZGF0YSI6eyJ0YWJsZXQiOnt9LCJtb2JpbGUiOnt9fX0=\" mobile_bg_img_hidden=\"no\" tablet_bg_img_hidden=\"no\" woodmart_parallax=\"0\" woodmart_gradient_switch=\"no\" woodmart_box_shadow=\"no\" wd_z_index=\"no\" woodmart_disable_overflow=\"0\" row_reverse_mobile=\"0\" row_reverse_tablet=\"0\" el_class=\"kb-consult\"][vc_column]\t\t\t<div class=\"info-box-wrapper\">\n\t\t\t\t<div id=\"wd-68460c2ba6365\" class=\" wd-rs-68460c2ba6365 wd-info-box wd-wpb text-left box-icon-align-top box-style- color-scheme- wd-bg-none border-btm-title kb-fix \">\n\t\t\t\t\t\t\t\t\t\t<div class=\"info-box-content\">\n\t\t\t\t\t\t<h2 class=\"info-box-title title box-title-style-default wd-fontsize-m\"><span class=\"ez-toc-section\" id=\"Talk_to_a_Small_Business_CPA_About_Your_Situation\"><\/span>Talk to a Small Business CPA About Your Situation<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t\t\t<div class=\"info-box-inner reset-last-child\"><p>Please use the form below to tell us a little about yourself, and what you have going on with your small business or 1099 contractor gig. <strong>WCG CPAs &amp; Advisors<\/strong> are small business CPAs, tax professionals and consultants, and we look forward to talking to you!<\/p>\n<\/div>\n\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t[vc_row_inner el_id=\"consultation-inner\" woodmart_css_id=\"66fd6caf92fc0\" responsive_spacing=\"eyJwYXJhbV90eXBlIjoid29vZG1hcnRfcmVzcG9uc2l2ZV9zcGFjaW5nIiwic2VsZWN0b3JfaWQiOiI2NmZkNmNhZjkyZmMwIiwic2hvcnRjb2RlIjoidmNfcm93X2lubmVyIiwiZGF0YSI6eyJ0YWJsZXQiOnt9LCJtb2JpbGUiOnt9fX0=\" mobile_bg_img_hidden=\"no\" tablet_bg_img_hidden=\"no\" woodmart_parallax=\"0\" woodmart_gradient_switch=\"no\" woodmart_box_shadow=\"no\" wd_z_index=\"no\" woodmart_disable_overflow=\"0\" row_reverse_mobile=\"0\" row_reverse_tablet=\"0\"][vc_column_inner][vc_raw_js el_class=\"defaultBot\"]JTNDc2NyaXB0JTIwdHlwZSUzRCUyMnRleHQlMkZqYXZhc2NyaXB0JTIyJTIwc3JjJTNEJTIyaHR0cHMlM0ElMkYlMkZ3Y2dpbmMuam90Zm9ybS5jb20lMkZqc2Zvcm0lMkYyNTE2NjQ4Nzk0MTQ5NzMlMjIlM0UlM0MlMkZzY3JpcHQlM0U=[\/vc_raw_js][\/vc_column_inner][\/vc_row_inner]\t\t\t<div class=\"info-box-wrapper\">\n\t\t\t\t<div id=\"wd-68460c16bff16\" class=\" wd-rs-68460c16bff16 wd-info-box wd-wpb text-left box-icon-align-top box-style- color-scheme- wd-bg-none border-btm-title defaultBot \">\n\t\t\t\t\t\t\t\t\t\t<div class=\"info-box-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"info-box-inner reset-last-child\"><p>The tax advisors, business consultants and rental property experts at <strong>WCG CPAs &amp; Advisors<\/strong> are not salespeople; we are not putting lipstick on a pig expecting you to love it. Our job remains being professionally detached, giving you information and letting you decide within our ethical guidelines and your risk profiles.<\/p>\n<p>We see far too many crazy schemes and half-baked ideas from attorneys and wealth managers. In some cases, they are good ideas. In most cases, all the entities, layering and mixed ownership is only the illusion of precision. As Chris Rock says, just because you can drive your car with your feet doesn\u2019t make it a good idea. In other words, let\u2019s not automatically convert \u201cyou can\u201d into \u201cyou must.\u201d<\/p>\n<p><strong>Let\u2019s chat so you can be smart about it.<\/strong><\/p>\n<p>We typically schedule a 20-minute complimentary quick chat with one of our Partners or our amazing Senior Tax Professionals to determine if we are a good fit for each other, and how an engagement with our team looks. Tax returns only? Business advisory? Tax strategy and planning? Rental property support?<\/p>\n<\/div>\n\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\n\t\t\t\t\t<style><\/style>\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t[vc_row_inner equal_height=\"yes\" el_class=\"boxes--pack\" woodmart_css_id=\"673b5f334f247\" responsive_spacing=\"eyJwYXJhbV90eXBlIjoid29vZG1hcnRfcmVzcG9uc2l2ZV9zcGFjaW5nIiwic2VsZWN0b3JfaWQiOiI2NzNiNWYzMzRmMjQ3Iiwic2hvcnRjb2RlIjoidmNfcm93X2lubmVyIiwiZGF0YSI6eyJ0YWJsZXQiOnt9LCJtb2JpbGUiOnt9fX0=\" mobile_bg_img_hidden=\"no\" tablet_bg_img_hidden=\"no\" woodmart_parallax=\"0\" woodmart_gradient_switch=\"no\" woodmart_box_shadow=\"no\" wd_z_index=\"no\" woodmart_disable_overflow=\"0\" row_reverse_mobile=\"0\" row_reverse_tablet=\"0\"][vc_column_inner width=\"1\/3\"]\t\t\t<div class=\"info-box-wrapper\">\n\t\t\t\t<div id=\"wd-687b937e0887f\" class=\" wd-rs-687b937e0887f wd-info-box wd-wpb text-left box-icon-align-top box-style- color-scheme- wd-bg-none business-boxes \">\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"box-icon-wrapper  box-with-icon box-icon-simple\">\n\t\t\t\t\t\t\t<div class=\"info-box-icon\">\n\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"622\" height=\"622\" src=\"https:\/\/wcginc.com\/wp-content\/uploads\/Text-WCG-Offices-1.jpg\" class=\"attachment-full size-full\" alt=\"Text WCG Offices\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<div class=\"info-box-content\">\n\t\t\t\t\t\t<h4 class=\"info-box-title title wd-font-weight-600 box-title-style-default font-primary wd-fontsize-m\">Text WCG Offices<\/h4>\t\t\t\t\t\t<div class=\"info-box-inner reset-last-child\"><p>Need to get in touch through a quick text?\u00a0 We\u2019ll respond back within a day and get going!<\/p>\n<\/div>\n\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t\t\t<a class=\"wd-info-box-link wd-fill\" aria-label=\"Infobox link\" href=\"sms:+17193452100?&amp;body=Hey%20WCG!%20Please%20call%20me%20to%20discuss%20your%20CPA%20services\" title=\"\"><\/a>\n\t\t\t\t\t\n\t\t\t\t\t<style><\/style>\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t[\/vc_column_inner][vc_column_inner width=\"1\/3\"]\t\t\t<div class=\"info-box-wrapper\">\n\t\t\t\t<div id=\"wd-687b9384e0d51\" class=\" wd-rs-687b9384e0d51 wd-info-box wd-wpb text-left box-icon-align-top box-style- color-scheme- wd-bg-none business-boxes \">\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"box-icon-wrapper  box-with-icon box-icon-simple\">\n\t\t\t\t\t\t\t<div class=\"info-box-icon\">\n\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"622\" height=\"622\" src=\"https:\/\/wcginc.com\/wp-content\/uploads\/Chat-Our-Amazing-Team-1.jpg\" class=\"attachment-full size-full\" alt=\"Chat our amazing team\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<div class=\"info-box-content\">\n\t\t\t\t\t\t<h4 class=\"info-box-title title wd-font-weight-600 box-title-style-default font-primary wd-fontsize-m\">Call Our Amazing Team<\/h4>\t\t\t\t\t\t<div class=\"info-box-inner reset-last-child\"><p class=\" \">If you need to speak to a tax professional now, give us a call and we'll get you connected.<\/p>\n<\/div>\n\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t\t\t<a class=\"wd-info-box-link wd-fill\" aria-label=\"Infobox link\" href=\"tel:719-387-9800\" title=\"\"><\/a>\n\t\t\t\t\t\n\t\t\t\t\t<style><\/style>\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t[\/vc_column_inner][vc_column_inner width=\"1\/3\"]\t\t\t<div class=\"info-box-wrapper\">\n\t\t\t\t<div id=\"wd-687b938a8f4b3\" class=\" wd-rs-687b938a8f4b3 wd-info-box wd-wpb text-left box-icon-align-top box-style- color-scheme- wd-bg-none business-boxes nav-button-chat \">\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"box-icon-wrapper  box-with-icon box-icon-simple\">\n\t\t\t\t\t\t\t<div class=\"info-box-icon\">\n\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"622\" height=\"622\" src=\"https:\/\/wcginc.com\/wp-content\/uploads\/Chat-With-a-Tax-Pro-2.jpg\" class=\"attachment-full size-full\" alt=\"Chat with a tax pro\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<div class=\"info-box-content\">\n\t\t\t\t\t\t<h4 class=\"info-box-title title wd-font-weight-600 box-title-style-default font-primary wd-fontsize-m\">Chat With a Tax Pro<\/h4>\t\t\t\t\t\t<div class=\"info-box-inner reset-last-child\"><p>Taxes can be tricky. Chat with a WCG human now and get questions answered.<\/p>\n<\/div>\n\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\n\t\t\t\t\t<style><\/style>\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t[\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row equal_height=\"yes\" content_placement=\"top\" woodmart_css_id=\"684abef7ecaa9\" responsive_spacing=\"eyJwYXJhbV90eXBlIjoid29vZG1hcnRfcmVzcG9uc2l2ZV9zcGFjaW5nIiwic2VsZWN0b3JfaWQiOiI2ODRhYmVmN2VjYWE5Iiwic2hvcnRjb2RlIjoidmNfcm93IiwiZGF0YSI6eyJ0YWJsZXQiOnt9LCJtb2JpbGUiOnt9fX0=\" mobile_bg_img_hidden=\"no\" tablet_bg_img_hidden=\"no\" woodmart_parallax=\"0\" woodmart_gradient_switch=\"no\" woodmart_box_shadow=\"no\" wd_z_index=\"no\" woodmart_disable_overflow=\"0\" row_reverse_mobile=\"0\" row_reverse_tablet=\"0\" el_class=\"kb-consult\"][vc_column]\t\t\t<div class=\"info-box-wrapper\">\n\t\t\t\t<div id=\"wd-68bcf7fc8516a\" class=\" wd-rs-68bcf7fc8516a wd-info-box wd-wpb text-left box-icon-align-top box-style- color-scheme- wd-bg-none border-btm-title \">\n\t\t\t\t\t\t\t\t\t\t<div class=\"info-box-content\">\n\t\t\t\t\t\t<h2 class=\"info-box-title title wd-font-weight-600 box-title-style-default font-primary wd-fontsize-m\"><span class=\"ez-toc-section\" id=\"Schedule_Discovery_Meeting_Now\"><\/span>Schedule Discovery Meeting Now<span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t\t\t\t\t<div class=\"info-box-inner reset-last-child\"><\/div>\n\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\n\t\t\t\t\t<style><\/style>\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t[vc_row_inner content_placement=\"middle\" el_class=\"client-review-secs box--card\" woodmart_css_id=\"672e712482714\" responsive_spacing=\"eyJwYXJhbV90eXBlIjoid29vZG1hcnRfcmVzcG9uc2l2ZV9zcGFjaW5nIiwic2VsZWN0b3JfaWQiOiI2NzJlNzEyNDgyNzE0Iiwic2hvcnRjb2RlIjoidmNfcm93X2lubmVyIiwiZGF0YSI6eyJ0YWJsZXQiOnt9LCJtb2JpbGUiOnt9fX0=\" mobile_bg_img_hidden=\"no\" tablet_bg_img_hidden=\"no\" woodmart_parallax=\"0\" woodmart_gradient_switch=\"no\" woodmart_box_shadow=\"no\" wd_z_index=\"no\" woodmart_disable_overflow=\"0\" row_reverse_mobile=\"0\" row_reverse_tablet=\"0\"][vc_column_inner width=\"1\/3\" woodmart_css_id=\"671780b35b49a\" parallax_scroll=\"no\" woodmart_sticky_column=\"false\" wd_collapsible_content_switcher=\"no\" wd_column_role_offcanvas_desktop=\"no\" wd_column_role_offcanvas_tablet=\"no\" wd_column_role_offcanvas_mobile=\"no\" wd_column_role_content_desktop=\"no\" wd_column_role_content_tablet=\"no\" wd_column_role_content_mobile=\"no\" mobile_bg_img_hidden=\"no\" tablet_bg_img_hidden=\"no\" woodmart_parallax=\"0\" woodmart_box_shadow=\"no\" responsive_spacing=\"eyJwYXJhbV90eXBlIjoid29vZG1hcnRfcmVzcG9uc2l2ZV9zcGFjaW5nIiwic2VsZWN0b3JfaWQiOiI2NzE3ODBiMzViNDlhIiwic2hvcnRjb2RlIjoidmNfY29sdW1uX2lubmVyIiwiZGF0YSI6eyJ0YWJsZXQiOnt9LCJtb2JpbGUiOnt9fX0=\" wd_z_index=\"no\"]\t\t<div id=\"wd-68874e76cd7bc\" class=\"wd-image wd-wpb wd-rs-68874e76cd7bc text-left \">\n\t\t\t\n\t\t\t<img decoding=\"async\" width=\"300\" height=\"200\" src=\"https:\/\/wcginc.com\/wp-content\/uploads\/265518_2057667071_tax_consultation_300-1.webp\" class=\"attachment-full size-full\" alt=\"Request a Meeting with WCG Inc\" \/>\n\t\t\t\t\t<\/div>\n\t\t[\/vc_column_inner][vc_column_inner width=\"2\/3\" woodmart_css_id=\"671780c0415fb\" parallax_scroll=\"no\" woodmart_sticky_column=\"false\" wd_collapsible_content_switcher=\"no\" wd_column_role_offcanvas_desktop=\"no\" wd_column_role_offcanvas_tablet=\"no\" wd_column_role_offcanvas_mobile=\"no\" wd_column_role_content_desktop=\"no\" wd_column_role_content_tablet=\"no\" wd_column_role_content_mobile=\"no\" mobile_bg_img_hidden=\"no\" tablet_bg_img_hidden=\"no\" woodmart_parallax=\"0\" woodmart_box_shadow=\"no\" responsive_spacing=\"eyJwYXJhbV90eXBlIjoid29vZG1hcnRfcmVzcG9uc2l2ZV9zcGFjaW5nIiwic2VsZWN0b3JfaWQiOiI2NzE3ODBjMDQxNWZiIiwic2hvcnRjb2RlIjoidmNfY29sdW1uX2lubmVyIiwiZGF0YSI6eyJ0YWJsZXQiOnt9LCJtb2JpbGUiOnt9fX0=\" wd_z_index=\"no\"]\t\t\t<div class=\"info-box-wrapper\">\n\t\t\t\t<div id=\"wd-68bcfccd83cf7\" class=\" wd-rs-68bcfccd83cf7 wd-info-box wd-wpb text-left box-icon-align-top box-style- color-scheme- wd-bg-none with-btn box-btn-static \">\n\t\t\t\t\t\t\t\t\t\t<div class=\"info-box-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"info-box-inner reset-last-child\"><p>Ready to schedule now and talk about S Corp and reasonable salary and all that gibberish? Let's do it! Here is a link to a Discovery Meeting with one of our Partners or Senior Tax Professionals to understand your tax footprint and objectives, and how <strong>WCG CPAs &amp; Advisors<\/strong> might help.<\/p>\n<\/div>\n\n\t\t\t\t\t\t<div class=\"info-btn-wrapper\"><div id=\"wd-6a31b9705b255\" class=\"  wd-button-wrapper text-left\"><a href=\"https:\/\/calendly.com\/wcg-cpas-advisors\/discovery-meeting-instant\" title=\"\" target=\"_blank\" class=\"btn btn-style-default btn-shape-rectangle btn-size-default\">Schedule Meeting<\/a><\/div><\/div>\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\n\t\t\t\t\t<style><\/style>\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t[\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row]<\/div>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>It is very easy to form an LLC and have it be taxed as an S corporation. However, an S Corp is not formed by itself; another entity is created and then taxed as an S Corp[&#8230;]<\/p>\n","protected":false},"author":6,"featured_media":31153,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"epkb_post_type_1_category":[121],"epkb_post_type_1_tag":[],"class_list":["post-13803","epkb_post_type_1","type-epkb_post_type_1","status-publish","has-post-thumbnail","hentry","epkb_post_type_1_category-chap-1-business-entities-llcs"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Formation of an LLC or S Corp - Form an LLC S Corp - WCG CPAs &amp; Advisors<\/title>\n<meta name=\"description\" content=\"It is easy to form an LLC and have it taxed as an S corporation. However, an S Corp is not formed. It is a tax election. 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