• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Evergreen Small Business

Actionable Insights from Small Business CPAs

  • Home
  • Small Business FAQ
  • Monographs
    • Maximizing PPP Loan Forgiveness
    • Preparing U.S. Tax Returns for International Taxpayers
    • Maximizing Sec. 199A Deductions Monograph
    • Setting Low Salaries for S Corporations
    • Small Business Tax Deduction Secrets
    • Real Estate Tax Loopholes & Secrets
    • Preparing Form 3115 for the Tangible Property Regulations
    • Small Businesses and the Affordable Care Act (Obamacare)
    • Five Minute Payroll Monograph (2019 Edition)
    • Download Your Free Copy of the Thirteen Word Retirement Plan
    • Business Planning Workbook
    • Sample Corporate Bylaws
    • LLC Operating Agreement
    • Joining Our Affiliate Program
  • Our Bloggers
  • Free LLC Formation Kits
    • Alabama LLC
    • Alaska LLC
    • Arizona LLC
    • Arkansas LLC
    • California LLC
    • Colorado LLC
    • Connecticut LLC
    • Delaware LLC
    • Florida LLC
    • Georgia LLC
    • Hawaii LLC
    • Idaho LLC
    • Illinois LLC
    • Indiana LLC
    • Iowa LLC
    • Kansas LLC
    • Kentucky LLC
    • Louisiana LLC
    • Maine LLC
    • Maryland LLC
    • Massachusetts LLC
    • Michigan LLC
    • Minnesota LLC
    • Mississippi LLC
    • Missouri LLC
    • Montana LLC
    • Nebraska LLC
    • Nevada LLC
    • New Hampshire LLC
    • New Jersey LLC
    • New Mexico LLC
    • New York LLC
    • North Carolina LLC
    • North Dakota LLC
    • Ohio LLC
    • Oklahoma LLC
    • Oregon LLC
    • Pennsylvania LLC
    • Rhode Island LLC
    • South Carolina LLC
    • South Dakota LLC
    • Tennessee LLC
    • Texas LLC
    • Utah LLC
    • Vermont LLC
    • Virginia LLC
    • Washington LLC
    • West Virginia LLC
    • Wisconsin LLC
    • Wyoming LLC
  • S Corporation Kits
    • Alabama S Corporation
    • Alaska S Corporation
    • Arizona S Corporation
    • Arkansas S Corporation
    • California S Corporation
    • Colorado S Corporation
    • Connecticut S Corporation
    • Delaware S Corporation
    • Florida S Corporation
    • Georgia S Corporation
    • Hawaii S Corporation
    • Idaho S Corporation
    • Illinois S Corporation
    • Indiana S Corporation
    • Iowa S Corporation
    • Kansas S Corporation
    • Kentucky S Corporation
    • Louisiana S Corporation
    • Maine S Corporation
    • Maryland S Corporation
    • Massachusetts S Corporation
    • Michigan S Corporation
    • Minnesota S Corporation
    • Mississippi S Corporation
    • Missouri S Corporation
    • Montana S Corporation
    • Nebraska S Corporation
    • Nevada S Corporation
    • New Hampshire S Corporation
    • New Jersey S Corporation
    • New Mexico S Corporation
    • New York S Corporation
    • North Carolina S Corporation
    • North Dakota S Corporation
    • Ohio S Corporation
    • Oklahoma S Corporation
    • Oregon S Corporation
    • Pennsylvania S Corporation
    • Rhode Island S Corporation
    • South Carolina S Corporation
    • South Dakota S Corporation
    • Tennessee S Corporation
    • Texas S Corporation
    • Utah S Corporation
    • Vermont S Corporation
    • Virginia S Corporation
    • Washington S Corporation
    • West Virgina S Corporation
    • Wisconsin S Corporation
    • Wyoming S Corporation
  • Contact Nelson CPA
You are here: Home / S Corporation Kits for All Fifty States / Setting up a Maine S Corporation

Setting up a Maine S Corporation

maineInterested in starting your own business? Already in the process? You should get to know your new arch enemy: self-employment taxes. Or, you can try to eliminate them before they can even begin their attack on your profits.

You could go to a lawyer. Or one of those popular online document shops. Maybe you should talk to an accountant? Unsure of the next steps? I’m willing to bet you can do it yourself. For a fraction of the cost. Without taking up too much of your precious time.

Our kit can walk you through setting up an eligible entity (an LLC or corporation) and filing Form 2553 with the Internal Revenue Service, all in an easy to read step-by-step process that includes examples of the very forms you will be filling out and filing.

Our Maine S Corporation kit

The quick & dirty: S-Corps save money by rearranging your income to avoid those self-employment taxes. A simple election can save you up to 15% on the first $120,000 of your business profits. All legal. No joke.

Some people hear s-corp and assume that it has to be a corporation. Not so fast, my friend. While it can be, an LLC can make this election as well.  And limited liability companies generally have fewer reporting requirements while still affording a separation of personal and business assets, which is why we generally recommend going this route as the “base” of your new s-corporation.

Our LLC version of the Maine kit is available below:

View Cart

Click below for the corporation option of the kit:

View Cart

Money Back Guarantee

Shoot us a line at our contact page if you are unsatisfied with the content for any reason. We’ll issue a 100% refund.

Additional Resources

How S Corps Are Taxed: Be sure you understand what you are getting into before you make the election.

Hiring Your Children as a Tax Loophole: Kids around working age? Figure out the right way to maximize the benefits of employing them.

Quick and Dirty Payroll For a One-person S-Corp: Get to know your new obligation as an s-corp: payroll.

Primary Sidebar

Welcome

Nelson CPA publishes this blog to help and encourage small business owners. Click here to learn more about our firm.

Need to help clients with their PPP loan forgiveness applications?

Updated for 2019 tax year changes and now available in print from Amazon!!

Maximizing Sec. 199A Deductions

International tax issues?

Preparing US tax returns for international taxpayers

Maximize S corporation tax savings

Setting Low S Corporation Salaries

Free retirement planning help

Picture of Thirteen Word Retirement Plan book

Featured Posts

Washington state houses of worship usually qualify for employee retention credits

Washington State Houses of Worship All Qualify for Employee Retention Credits

Did your Washington state church, mosque, synagogue or temple suspend services due to Governor Inslee's "Stay Home Stay Healthy" proclamation? I … [Read More...] about Washington State Houses of Worship All Qualify for Employee Retention Credits

Six Hacks to Simplify Small Business Accounting and Taxes

Six Hacks to Simplify Small Business Accounting and Taxes

Starting a new business? This suggestion: Keep your small business accounting and your taxes simple. Really simple. The reason? In the post-pandemic … [Read More...] about Six Hacks to Simplify Small Business Accounting and Taxes

Washington state capital gains tax returns will need to be filed for 2022 as per the Supreme Court's March decision.

Filing Washington State Capital Gains Tax Returns

You maybe need to file a Washington state capital gains tax return with your 2022 federal tax return. Specifically, if you realized long-term … [Read More...] about Filing Washington State Capital Gains Tax Returns

Recent Comments

  • Stephen Nelson CPA on Six Hacks to Simplify Small Business Accounting and Taxes
  • Andrew on Six Hacks to Simplify Small Business Accounting and Taxes
  • Stephen Nelson CPA on Lottery Tax Planning for a Billion Dollar Drawing
  • Morgan on Lottery Tax Planning for a Billion Dollar Drawing
  • Stephen Nelson CPA on Lottery Tax Planning for a Billion Dollar Drawing

Archives

Copyright © 2023 Stephen L. Nelson, Inc. · News Pro On Genesis Framework · WordPress