Small business helps

If you are a small business owner or contemplating starting your own business, see this link to the IRS website for helpful videos and tools:

https://www.irs.gov/businesses

For working  as a single owner working as yourself or under a state established LLC identity, here is  a great IRS reference:

https://www.irs.gov/forms-pubs/about-publication-334

Before investing the time and money in establishing an LLC, especially an LLC outside of the state you line in, make sure to talk to your tax  professional about the pros and cons and your purpose in creating it.

Have you been hearing a lot about S Corp and how it can save you money?  Make sure to talk to your tax professional if this is something that will actually benefit you and your business. A tax professional can help you navigate this complicated world.

To take peak at what an S Corp is, here are two links to a  description of S Corporations  and IRS pub 542 that explains a lot about corporations:

https://www.irs.gov/businesses/small-businesses-self-employed/s-corporations

https://www.irs.gov/publications/p542