{"id":3390,"date":"2016-04-25T11:01:15","date_gmt":"2016-04-25T18:01:15","guid":{"rendered":"http:\/\/evergreensmallbusiness.com\/?page_id=3390"},"modified":"2019-07-01T15:59:01","modified_gmt":"2019-07-01T22:59:01","slug":"setting-up-a-wisconsin-s-corporation","status":"publish","type":"page","link":"https:\/\/evergreensmallbusiness.com\/s-corporation-kits-for-all-fifty-states\/setting-up-a-wisconsin-s-corporation\/","title":{"rendered":"Setting Up a Wisconsin S Corporation"},"content":{"rendered":"

\"wisconsin\"<\/a>We do a lot of work with s-corporations. \u00a0Why? \u00a0They make a lot of sense for a lot of different types of businesses. \u00a0One-man consultants? Definitely. \u00a0A family-owned construction company? \u00a0You bet. \u00a0If you are already running your own small business that you report on Schedule C of your 1040, do us a favor. \u00a0Pull out last year’s tax return. \u00a0Look at the second page and find line 57. \u00a0If the dollar figure on that self-employment taxes line is close to or above $10,000, an s-corp will likely save you in taxes\u00a0next year.<\/p>\n

Our Wisconsin\u00a0S Corporation kit<\/h2>\n

In order to operate as an s-corp, you first need an eligible entity. \u00a0What the heck is an eligible entity? \u00a0Either an LLC or corporation must be set up and then submit for Subchapter S status with the IRS. \u00a0Our kit walks you through the process of setting one of these entities up as well as how to make that s election. \u00a0As an added bonus, we include formation documents (articles of organization or corporate bylaws) to form a clear structure.<\/p>\n

Regarding the decision to organize as a corporation or LLC, we typically side with the limited liability company. \u00a0This is because they have a bit more tax flexibility (meaning they can operate as a sole prop or partnership) while still protecting personal assets. \u00a0This LLC kit is available here:<\/p>\n