by Besolo | Apr 25, 2025 | Blog, Sole Proprietorship vs S Corp
If you’re a solopreneur or freelancer in Arizona looking to reduce your tax burden with a new business structure, S corporation status could be a game-changer. By electing S corp taxation, you can pay yourself a reasonable salary and take additional profits as...
by Besolo | Apr 24, 2025 | Blog, Sole Proprietorship vs S Corp
Running an S corporation (S corp) brings significant tax responsibilities, particularly when it comes to estimated quarterly tax payments. Unlike traditional employees who have taxes withheld from their paychecks, as an S corporation, most solopreneurs and independent...
by Besolo | Apr 24, 2025 | Blog, Sole Proprietorship vs S Corp
For freelancers and solopreneurs in California, structuring a business as an S corporation (S corp) can reduce tax burden while maintaining the liability protections of an LLC or corporation. However, setting up an S corp in California involves more than just filing...
by Besolo | Apr 22, 2025 | Blog, Sole Proprietorship vs S Corp
For independent professionals and solopreneurs with a single-member LLC or S corp, it can feel overwhelming managing finances and tax forms like the 1099-K . But don’t skip this key step — these 1099 forms are foundational for staying compliant and keeping your...
by Besolo | Apr 21, 2025 | Blog, Sole Proprietorship vs S Corp
For freelancers and solopreneurs running as a sole proprietor or single-member LLC, structuring your business as an S corporation can unlock significant tax savings while providing liability protection. However, many new S corp owners miss crucial steps, leading to...
by Besolo | Apr 20, 2025 | Blog, Sole Proprietorship vs S Corp
For solopreneurs with a single-member LLC or S corp, mastering S corp distributions is a game-changer for tax savings. As a self-employed independent professional, you’re already tracking self-employment expenses, managing accounting tasks, and collaborating...
