Business Formation
Starting a business means choosing a structure and setting it up correctly. These guides explain LLCs, S-Corps, and EINs in plain language, with real numbers.
5 guidesReviewed for the 2025 tax year
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What is an LLC, and do I need one?
What an LLC is, what protection it really gives you, how it is taxed, and how to decide whether you need one.
LLC vs S-Corp: which is right for your business?
How LLCs and S-Corps are taxed, with real numbers and the income level where an S-Corp election starts to make sense.
How to apply for an EIN: a step-by-step guide
Get a free EIN from the IRS online, step by step: who needs one, what to do without an SSN, and what comes next.
Single-Member LLC Taxes: Disregarded Entity, Schedule C, EIN and W-9 Rules
How the IRS taxes a one-owner LLC: disregarded entity status, Schedule C and self-employment tax, EIN rules, and Form W-9.
Running an S-Corp: Reasonable Salary, Form 1120-S and Schedule K-1
S-Corp owner rules: reasonable salary vs. distributions, payroll, Form 1120-S deadlines and penalties, Schedule K-1, and basis.
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