Why form an S Corporation ?
You may have heard about the 20% tax cut with the new tax plan...
Now we are making those advantages available to small and medium sized companies, even one person small businesses. If you are reporting $40,000 to 50,000 or more in profits, you can reduce your tax liability by as much as $5,000 - $7,000. This is IN ADDITION to the 20% cut. The only reason NOT to do this is if you are not profitable.