The Benefits of Forming an S Corporation as your corporate structure are many, like pass-through taxation and limited liability — be sure to know all the ins and outs of this legal formation. Reach out 1-800Accountant to form your business today! https://1800accountant.com/services/entity-formation?utm_source=youtube&utm_medium=social&utm_campaign=vlogs&utm_content=Form-S-Corp In this video we’ll go over questions like what it means to be an S corp, what is an S corp pros and cons, is an S corp better than an LLC, and do s corp owners have to take a salary? Watch through the video or jump to a section below to answer your questions. If you need more information, reach out to one of our business professionals for a free consultation. 00:00 Beginning 00:13 Intro to S Corporations 00:33 What is an S Corp? 01:20 What Are the Benefits of an S Corp? 02:18 What Are the Downsides to an S Corp? 03:12 How Much of a Salary Do I Have to Pay Myself? 04:02 How to Form an S Corp 04:49 Work with the Professionals #smallbusiness #businessowner #accountingservices cpa main street business reasonable salary s corp self employment tax reasonable compensation