Credible Reputation
An S corporation formation in New York is more credible and has more authority than other structures of businesses.
Easy Ownership Transfer
A bonus in an S corporation is that if you wish to sell your company or transfer its ownership to someone else, it is easier.
No Self-Employment Taxes
If an S corporation pays your salary, you are exempted from the self-employment tax. Tax King Service makes this procedure more convenient.
S Corporation Formation
S Corporation formation in NYC is complicated, but that is where we at Tax King Service come in to help.
Strict Tax Obligations
You need to check and balance what goes into an S corporation. Making tax errors may cause you to lose your S corporation status.
Not recognized in NYC.
Only in the city of New York, an S corporation is not recognized, leading to the company paying double taxes, including New York's general tax.