Streamlined LLC Creation

One of the best reasons to set up an LLC is so you can have your business be taxed as an S-corporation.  An S-corp election can save you 10’s of thousands of dollars in taxes. If you leave your business to be taxed as a sole proprietor or partnership, all your profit is subject to self-employment tax. That’s an additional 15% tax on every profitable dollar you work for. Choosing to be taxed as an S-corp allows you to by-pass a large portion of those self-employment taxes. Choosing to be taxed as an S-corp is a big decision that should be consulted with a tax accountant to make sure you understand the tax savings benefits & the new compliance requirements.

Let us get your business started on the right foot by filing your LLC for you. We will handle filing the Articles of Incorporation with your state, and retrieving your EIN from the IRS. There is a lot of language & lingo the states uses that confuses most people into setting up additional accounts or compliance filings that are unneeded.

Austen has a rare ability to break down complex topics in a way that actually makes sense. If you want a tax and accounting partner who’s organized, reliable, and truly trustworthy, Valley Tax & Accounting is the team you want in your corner.

– Scott V

1. To set up a business bank account, which the IRS expects if you are running a business.
2. To properly file taxes if the business is owned by more than one person.
3.  It can create a liability shield for you personally (seek professional legal advice on this)

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LLC Setup Info