{"id":3536,"date":"2016-05-06T14:41:59","date_gmt":"2016-05-06T21:41:59","guid":{"rendered":"http:\/\/evergreensmallbusiness.com\/?page_id=3536"},"modified":"2019-06-27T13:21:15","modified_gmt":"2019-06-27T20:21:15","slug":"setting-up-a-delaware-s-corporation","status":"publish","type":"page","link":"https:\/\/evergreensmallbusiness.com\/s-corporation-kits-for-all-fifty-states\/setting-up-a-delaware-s-corporation\/","title":{"rendered":"Setting up a Delaware S Corporation"},"content":{"rendered":"

\"delaware\"<\/a>Delaware is a very popular state for incorporating. In all honesty, for all but the largest of businesses\u00a0—\u00a0if you are going to do it\u00a0—\u00a0you should probably just organize in your home state.<\/p>\n

If you are “in the know” about forming in Delaware, you should probably make sure you’re “in the know” about Subchapter S corporations as well. This federal tax designation\u00a0will likely save you way more, and prove to be far more valuable, than the state you choose for incorporation.<\/p>\n

An s-corporation helps small business owners avoid a portion of self-employment taxes. That’s all there is to it. The biggest tax loophole isn’t some magical deduction you qualify for. It’s the one you can designate as soon as you start generating significant profits.<\/p>\n

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

In order to form an s-corporation, you must first create an eligible entity. This would be either a corporation or a limited liability company.<\/p>\n

The do it yourself kits we provide walk you through the pros and cons of your entity choice, how to complete and where to file the necessary forms in Delaware, procedures on getting an EIN, as well as filling out and filing Form 2553 for the s-election with the IRS.<\/p>\n

We recommend most\u00a0use the LLC version of our s-corporation kit, which you can purchase\u00a0below:<\/p>\n