Small business, big rewards
S-corps are best for highly profitable businesses with one or just a few owners, like freelance, consulting, software development, or high margin products.
S-corps give you the same risk protections as LLCs, but are more expensive to establish and have significantly more ongoing administrative requirements. You’ll need articles of incorporation, bylaws, and a shareholder agreement, and will hold regular board meetings with recorded and filed minutes.
So why would you do this?