S-Corp Suggestions Anyone?

[Tomiko Graves]

Are there any companies you would recommend to me for starting an S-Corp.  There are tons of companies online, most around $49, but just wanted to check to see if someone could vouch for one in particular.

[Scott Mac]

Hi Tomiko,

The $49 thing doesn't represent the whole cost of getting set up. It's typically just a basic filing. Then they call you back and tell you you need this and that for so much more money. To do it right cost much more than that.

On the cheap, legal zoom, but because this involves taxes before you do anything, it's best to talk to Real Estate CPA. Pay for an hour of their time and become educated a little bit more on what the IRS wants to see to make the Sub-S work. And follow that persons advice before choosing someone to set up for you.

Also, there are legal requirements, and issues such as asset protection that can come from a Corp/LLC, and talking to a Real Estate Attorney about what the CPA recommends before doing anything with this would be a smart move too.

Good Luck!