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Oct 13, 2026 7:55 am
When many entrepreneurs start to bring in profit, they wonder, What Is An S Corp, and when should an LLC make the elective conversion?" Learning what an S Corp is helps you understand how pass-through taxation allows profits and losses to pass through to shareholders' personal income tax returns. In addition it allows owners to allocate profits in a reasonable share of their salary, along with payouts to owners to minimize self employment taxes. Did you register your business as an S Corp? Go to the forum and share your tax strategies and payroll experiences!