Maximizing Tax Benefits and Protecting Your Assets is the Key to an S Corp!
Blugency is Your Way to Success. We'll never leave you alone!
We'd love to have you join the more than 400 companies that are already using Blugency!
1. Proficiency: Our staff is well-versed in the steps involved in forming an S Corporation and has a proven record of assisting startups like yours in achieving their goals.
2. Modernized process: Our updated 3-Step S Corporation Filing Process provides you with clear guidance and support as you set up your S corporation.
3. Unbeatable pricing: Our S-Corporation formation and other business services are priced competitively, with no hidden fees or other surprises.
4. Customer service that goes above and beyond: We are committed to giving our clients the best service and support possible. Our team is always ready to answer your questions and help you succeed.
By going with Blugency, you can be sure that your business is in good hands and focus on growing it.
To help you manage and expand your business is Blugency's top priority, setting us apart from the competition. We're a one-stop shop for all of your company's needs, from tax preparation and annual reports to web design and promotion.
Don't Worry; We're here to help! Starting an S-Corporation is a complicated process that could go wrong if any of the many steps, requirements, or paperwork are missed.
We've helped over 400 new and existing small businesses get off the ground since 2020, and we won't rest until you're completely satisfied with our services, customer support, and pricing.
Get the most out of your money with the best user experience available; nobody beats our prices.
Get in touch with a real incorporation expert and enjoy unlimited support for as long as you need it.
You'll find everything you need in this centralized hub to successfully manage and grow your company.
Enjoy one full year of our complete and user-friendly Registered Agent service at no cost ($99/year after that).
Nobody is quicker than us to get your EIN from the IRS and have it on its way to you. (Would require four business days after we incorporate your company)
To guarantee the correct submission of your information to the secretary of state and the IRS, each order for forming a company goes through three rounds of accurate revision.
With our bylaws, you can ensure that your corporation is in compliance with all state regulations, without any additional cost.
Your company's business dashboard is where you can arrange for supplementary services.
Manage your orders, receive compliance alerts, and more from a convenient eDashboard.
You can have your C Corp treated as an S Corp for tax purposes by making the appropriate election.
Help you open a business bank account by filling out, submitting, and following your bank account application.
Get a Resale certificate to be eligible for sales tax exemption to increase your revenue margin!
Get your unique business identification number added to the system that identifies, validates, and connects more than 280 million businesses worldwide so that you can apply for multiple eCommerce platforms.
Not eligible for a Social Security Number (SSN)? Don't be concerned! Leave it to us to apply for your Individual Taxpayer Identification Number (TIN)!
1- Pick a Company Name Name
recognition and industry credibility are facilitated by a professionally chosen company moniker. Make sure you settle on a name that stands out from the crowd. Use our Company Name Generator to get started on the right foot.
2- Choose the Right Package
Blugency offers four ideal business formation packages to help you launch and grow your business, whether you need the bare essentials or extensive support.
3-Describe your Business
By filling out the online form, you can provide more information about your business and your services.
Your eDashboard contains official company paperwork.
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No. Blugency is committed to offering our clients an S-Corporation filing services at transparent and competitive prices. We take pride in our commitment to clear and concise communication of fees, and we strive to ensure that our clients thoroughly understand the costs associated with our services. As such, we do not have any surprise charges or hidden fees.
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An S corporation, also known as an S corp, is a type of business structure that is a variation of a traditional corporation. It is a legal entity that is separate from its owners, and it offers personal asset protection, but it also provides certain tax benefits. S corp status is a tax election made by a corporation with the IRS.
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A traditional corporation, also known as a C corporation, is subject to double taxation, meaning that the corporation is taxed on its profits and then shareholders are taxed on the dividends they receive from the corporation. In contrast, an S corporation is a pass-through entity, which means that the profits and losses of the corporation pass through to the shareholders, who then report them on their personal income tax returns. This avoids the problem of double taxation.
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To form an S corporation, the following requirements must be met: The corporation must be a domestic corporation. The corporation must have only one class of stock. The corporation must not have more than 100 shareholders. All shareholders must be individuals, certain trusts, and estates of estates of the individuals The corporation cannot have nonresident alien shareholders
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To elect S corporation status, the corporation must file Form 2553, Election by a Small Business Corporation, with the IRS. The form must be signed by all of the shareholders and must be filed within two months and 15 days after the beginning of the tax year for which the election is to be effective. The election is effective for the tax year for which it is filed and all subsequent tax years unless it is revoked or terminated.
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The ongoing compliance requirements for an S corporation include: Holding annual meetings of shareholders and keeping minutes of the meetings Adopting and following corporate bylaws Keeping accurate and current records of all financial transactions Filing an annual report with the state in which the corporation is formed Filing an annual federal tax return on Form 1120S, even if the corporation has no income or loss.
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Some limitations to consider before electing S corporation status include: Limitations on the number and types of shareholders Limitations on the types of business activities that can be conducted Certain restrictions on ownership changes S Corporations are not eligible for some tax credit and deductions that C-corporations or other types of businesses may be able to claim.
