by Besolo | Feb 7, 2025 | Blog, Sole Proprietorship vs S Corp
If you’ve ever worked as (or paid for the services of) an independent contractor (IC), you’re likely familiar with 1099s. These documents are relatively simple and used to record gross payments made to an IC. However, mixing up your business structure by filing an S...
by Besolo | Jan 31, 2025 | Blog, Sole Proprietorship vs S Corp
One of the most significant benefits of doing business as a solopreneur is that you get to decide what is best when it comes to all aspects of your company, including its tax structure. One choice that you will be faced with is whether to elect S corporation status...
by Besolo | Jan 31, 2025 | Blog, Sole Proprietorship vs S Corp
Choosing to start your own S corp can be a great idea. However, the IRS expects you to pay yourself a “reasonable” salary—a term that can seem ambiguous at first. Below, we’ll breakdown how the process works so you can come up with an S corporation reasonable salary...
by Besolo | Jan 24, 2025 | Blog, Sole Proprietorship vs S Corp
If you’re thinking about forming a business, choosing the right structure is critical. The structure you select affects your taxes, liability, and growth potential. One of the most popular choices for small business owners is starting an S corporation (S corp), which...
by Besolo | Nov 12, 2024 | Blog, Sole Proprietorship vs S Corp
Limited liability companies (LLCs) represent one of the most common business structures in the United States. There are roughly 21.6 million LLCs in operation across the country, whereas there are a little over five million S Corporations (S Corps). This is probably...
