S-Corp & Entity Selection
Choosing the right business structure can save you thousands in taxes every year.
Is an S-Corp Right for Your Business?
One of the most powerful tax strategies available to small business owners is electing S-Corporation status. But it is not the right fit for everyone. We help you analyze your situation and choose the entity structure that minimizes your tax burden now and in the future.
Why Entity Selection Matters
The way your business is structured determines how your income is taxed — including self-employment taxes, corporate taxes, and how profits are distributed. Choosing the wrong entity can cost you significantly over time.
S-Corporation Benefits
- Reduce self-employment taxes by splitting income between salary and distributions
- Pass-through taxation — no double taxation like a C-Corp
- Potential savings of $5,000–$15,000+ per year depending on net income
- Built-in legitimacy and credibility with lenders and partners
Entity Options We Evaluate
- Sole Proprietorship
- Single-Member LLC
- Multi-Member LLC
- S-Corporation
- C-Corporation
We run a full tax projection before making any recommendation so you know exactly what you will save.
Ready to Resolve Your Tax Issue?
HofflerSmith is a family-owned firm in Cherry Hill, NJ. We represent individuals and businesses directly with the IRS — so you don’t have to face this alone.