Savings projection
A side by side comparison of your taxes as an LLC and as an S corp, so you decide with real numbers.
Services · S Corp Election & Owner Pay
S Corp Election Services in Northern Virginia
Find out if an S corp will actually save you money, then let us handle the paperwork. We review the numbers, file Form 2553, set a reasonable salary and set up owner payroll for businesses across Northern Virginia, DC and Maryland.
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- Savings review before you elect
- Form 2553 preparation and filing
- Late election relief
- Reasonable salary and owner payroll setup
What's included
What our S Corp Election & Owner Pay service includes
Form 2553 filing
We prepare the election, collect shareholder signatures and file it with the IRS on time.
Late election relief
Missed the deadline? We prepare the relief request under Rev. Proc. 2013-30 with a reasonable cause statement.
Reasonable salary
We help you set an owner salary that fits your role and holds up to IRS review.
Owner payroll setup
Payroll, Virginia withholding and unemployment accounts set up so salary and distributions are handled correctly.
S corp tax returns
Your Form 1120-S and Virginia Form 502 prepared each year, with K-1s for every owner.
How it works
Getting started is simple
- 01
Review
We compare your taxes as an LLC and as an S corp.
- 02
Elect
We file Form 2553 or request late election relief.
- 03
Set up
We set your salary and get owner payroll running.
Industries we serve
We work with businesses across Northern Virginia, DC and Maryland, including:
From our blog
Helpful guides
Form 2553 Explained: How to Elect S Corp Status and Fix a Late Election
Form 2553 instructions in plain English: who qualifies, the S corp election deadline, where to file, and how to fix a late S corp election.
What Is an S Corp? A Plain English Guide for Small Business Owners
What is an S corp? A plain English guide for new business owners: how it works, how it saves tax, reasonable salary, costs, Virginia rules and FAQs.
How to Pay Yourself as a Business Owner: Owner’s Draw, Salary and Distributions
Owner draw, guaranteed payments, S corp salary and distributions: how to pay yourself from an LLC, partnership, S corp or C corp, and how each is taxed.
FAQs
S Corp Election & Owner Pay questions
When is Form 2553 due?
No more than 2 months and 15 days after the start of the tax year the election should take effect. For most existing calendar year businesses, that is March 15. Read our Form 2553 guide for details.
Is it too late if I missed the deadline?
Often not. Relief is generally available within 3 years and 75 days of the effective date you want, with a reasonable cause statement.
How much can an S corp save?
It depends on your profit and salary. Many owners start to see savings once profit is steady above roughly $50,000 to $60,000 a year. See LLC vs S corp in Virginia.
Do I need to run payroll as an S corp?
Yes. Owners who work in the business must take a reasonable salary through payroll. We set that up for you.
Can I convert my LLC to an S corp?
Yes. Your LLC stays an LLC legally. You elect to be taxed as an S corporation by filing Form 2553, then set up S corp payroll for your owner salary.
Do you work with clients outside Ashburn?
Yes. We work remotely with clients throughout Northern Virginia, Washington, DC and Maryland.