The Perks of an S-Corporation π
S-Corps have some awesome benefits:
β Tax Savings: Only taxed at the owner level, not the biz level.
β Lower Self-Employment Taxes: Pay yourself a salary, take the rest as tax-free distributions.
β Liability Protection: Keeps your personal assets safe.
β Extra Tax Deductions: Like up to 20% off qualified biz income (QBI).
Sounds like a win all around, right?