Should I be a S-Corp or LLC?
Doesn’t really matter. Let us decide that for you.That’s what you pay us for. If you ask a tax guy (gender neutral) or a lawyer, it is typical they will have a strong feeling one way or another. Makes me think “if all you have is a hammer, everything looks like a nail”. More likely, it’s the one they know or can charge you more to explain, respectively. It doesn’t matter for tax purposes. If you want to be an S-corp good. If you prefer LLC elect to be taxed as a Corporation and file S-elections. Same tax return either way. There are some minor cost differences depending on what state and type of entity you chose. Search LLC VS SCORP and get some coffee.
Do I have to do anything to be incorporated?
Yes, click free consult, Pick a name, open a new checking account (when prompted by us-don’t skip the first step) and put 45 minutes a year aside to talk to us. Maybe less.