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An S-Corp is a tax designation that allows self-employed individuals and small business owners in Illinois to reduce their self-employment taxes by splitting income between salary and distributions. If you're considering this structure for your Illinois business, understanding the setup process,...
Starting an S-Corp in Pennsylvania can significantly reduce your self-employment tax burden while maintaining the liability protection of a formal business structure. Pennsylvania offers specific advantages for S-Corp owners, including no state-level S-Corp tax and a flat corporate income tax rate,...
An S-Corp is a tax designation that allows business owners in New York to reduce their self-employment tax burden while maintaining the liability protection of a corporation or LLC. For self-employed individuals earning a profit of $60,000 or more annually, electing S-Corp status can provide...