by Besolo | Apr 19, 2025 | Blog, Sole Proprietorship vs S Corp
If you’ve selected S corp status for your business, you’ve likely heard the term “S corporation reasonable compensation.” It’s about more than just a paycheck — it’s a compliance requirement that plays a significant role in how the IRS views your salary, payroll...
by Besolo | Apr 18, 2025 | Blog, Sole Proprietorship vs S Corp
For small business owners, navigating IRS tax compliance and whether your LLC or S Corp receives a 1099 or needs to issue one can feel confusing. You’re not alone. But without proper guidance and accountants to demystify the 1099-NEC process, which is pivotal for...
by Besolo | Apr 17, 2025 | Blog, Sole Proprietorship vs S Corp
Choosing the right business structure shapes your taxes, liability, and long-term growth. For small business owners operating as a single-member LLC or S corp, comparing a sole proprietorship versus an S corp helps unlock smarter tax strategies and greater financial...
by Besolo | Apr 16, 2025 | Blog, Sole Proprietorship vs S Corp
Small business owners & solopreneurs with a single-member LLC or S corp often find themselves puzzled by the differences between a sole proprietorship and an S corporation. While sole proprietorships are straightforward and widely used, they don’t provide the same...
by Besolo | Feb 13, 2025 | Blog, Sole Proprietorship vs S Corp
Short answer… Yes, an S corporation can own an LLC. While this is a rare situation for the solopreneur, it is possible, and understanding its implications can help solopreneurs make informed business decisions. This ownership structure offers several advantages,...
by Besolo | Feb 11, 2025 | Blog, Sole Proprietorship vs S Corp
Your gross sales don’t solely determine your profit. That doesn’t have to be a hard lesson for first-time business owners if you’re smart about self-employment taxes. For solopreneurs, the way you structure your business can impact what’s left...
