Setting up an Ohio S Corporation
If you are a small business owner who files a Schedule C to report your business earnings, you may be familiar with a line item on the second page of your 1040: self-employment taxes (cue ominous music). While you cannot completely eliminate these taxes, you may be able to save on them by forming an s-corporation. To do this, you can use our step-by-step do-it-yourself kit to learn how to create an LLC or corporation and make the s-election to help save on taxes.
Our Ohio S Corporation kit
For Ohio small business owners and entrepreneurs interested in the small business s-corporation option, we provide two downloadable do-it-yourself kits.
We recommend Ohio businesses use the LLC version of our s-corporation kit, which you can acquire by clicking the button belowView Cart
If you want to use a traditional corporation as the base for your s-corporation, alternatively, you can purchase that kit by clicking the button below.View Cart
Note: each kit comes with complete instructions you will need to form an LLC or corporation as well as sample governing documents you will need for the new entity.
Money Back Guarantee
All of our digital goods come with a money back guarantee. If you buy one of our Ohio kits and realize it doesn’t help in your situation, just e-mail us for a refund request. The e-mail address is firstname.lastname@example.org.
Making Shareholder Distributions Look Reasonable to an IRS Agent: S-corporation owners have two types of income: payroll from their W-2 and distributions of profits… make sure you have the right mix.
Blue Collar S Corporations: Just because you don’t wear a suit and tie to work most days doesn’t mean you can’t save money on taxes, even with an “average” income.
Why Small Businesses Should Outsource Payroll: As an s-corporation, you will have to report payroll. While we are generally very supportive of doing it yourself, this is one instance it might not make much sense.