Setting Up an Illinois S Corporation
Yes, forming an S corporation will be easier with a professional’s help. But you can do the work yourself (and with considerable cost and time savings) if you’re careful and comfortable taking a do-it-yourself approach.
To help those small business owners and entrepreneurs who want to take the do-it-yourself route to incorporation, we provide two instantly downloadable kits. One kit uses an LLC as the base for your Illinois S corporation (we recommend you use this kit). One kit uses a traditional corporation as the base.
To buy and download the LLC version of the Illinois S corporation kit, click the the button below:View Cart
Note: We generally recommend you use an LLC as the base for an S corporation, because LLCs are harder to break and because LLCs allow you to form the entity immediately but delay making the Subchapter S election until you have the profits that justify using the S corporation tax accounting rules.
To buy and download the corporation version of the Illinois S corporation kit, click the button below:View Cart
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Additional Information You Might Find Useful
How does someone incorporate an existing business? Here’s some stuff you’ll probably want to know…
What sort of accounting system do you need for a new business? We complied a laundry list of things you may want to consider.
Should you outsource payroll if you’re a new S corporation? Awkward question to which the awkward answer is often “yes”…