2 min read
What Exactly is an S Corp? We’ve Got the Answer
Plus, How it Could Save You $$$ Before we dive in, let’s clear something up. When thinking about your business, you don’t have to choose between an LLC...
The content on this blog is created by the expert team at Lettuce Financial, a company that specializes in automated tax and accounting solutions for solopreneurs.
Our content team includes tax experts, and experienced industry leaders who provide practical guidance based on real-world experience helping thousands of solopreneurs optimize their tax strategies through our automated S-Corp platform.
2 min read
Plus, How it Could Save You $$$ Before we dive in, let’s clear something up. When thinking about your business, you don’t have to choose between an LLC...
11 min read
Starting an LLC protects your personal assets from business liabilities while giving you tax flexibility to optimize earnings as you grow. The formation...
5 min read
How long does it take to get an LLC? It used to mean weeks of paperwork and uncertain state processing times, but modern automation has transformed the...
6 min read
Your operating agreement isn't just compliance paperwork. It strengthens asset protection, proves you're running a legitimate business entity, and creates...
6 min read
Setting a reasonable salary for your S Corp is essential for maximizing tax savings while staying within IRS guidelines. Paying yourself too much or too...
6 min read
The 2% rule for S Corp owners unlocks powerful tax advantages most solopreneurs miss. As a more-than-2% shareholder, you can turn health insurance...
6 min read
S Corp status typically becomes financially worthwhile for solopreneurs once annual business income reaches around $80,000, because it reduces...
5 min read
True profitability comes from knowing exactly what you keep after every expense and tax, not just watching revenue or your bank balance. Manual tracking...
6 min read
Combining S Corp status with optimized vehicle deductions can put thousands back in a solopreneur’s pocket, proving that strategic planning is what truly...
6 min read
Separating business and personal finances protects your assets, simplifies tax time, and unlocks serious savings through strategies like S Corp elections....
7 min read
S Corp owners can deduct health insurance premiums through proper payroll and W-2 reporting, saving on taxes while staying compliant effortlessly.
11 min read
Treating your solo venture as a real business, rather than just a side project, opens the door to significant tax benefits, stronger financial protection,...
5 min read
Tracking a complete business expenses list can unlock thousands in tax savings that most solopreneurs miss every year. From home office costs and...
6 min read
From formation to financing, see how S-Corp solopreneurs can build business credit that protects personal assets and paves the way for sustainable,...
6 min read
What is equity in business? It's everything your business owns minus what it owes. Understanding equity helps you make smarter financial decisions and...
8 min read
Yes, you can elect S Corp status mid-year, and for solopreneurs earning $80,000+, it's a smart move that starts saving you thousands immediately after the...