A Single-member LLC alone does not provide tax savings; We unlock the tax-saving potential for your LLC.
Maximize the benefits of your Single-member LLC
Unlock potential tax savings for your Single-member LLC by electing S corp status if your business earns over 50K.
Less self-employment tax
Minimize self-employment tax to maximize your take-home income.
More moeny for retirement
Optimize your tax payments by prioritizing investments in tax-saving retirement accounts.
Savings with peace of mind
Benefit from a worry-free tax season, maintain legal compliance and mitigate the risk of expensive audits.
Trusted by over 650 small business owners and self employed
How it works
We make S-Corp save you on taxes
We can transfer your sole proprietorship to an S Corporation. You enjoy potential savings on both self-employment and income taxes. We’ll handle all the necessary tasks and responsibilities involved.
Affordable Pricing
All-in-one financial package and straightforward pricing.
Why work with NumberSquad?
You focus on what you do best, and we’ll take care of your Single-member LLC taxes and finances.
Your Dedicated Team
A team of tax experts, bookkeeping, and payroll specialists will handle every aspect of the work. We are open year-round.
Save time and money
One-stop finance shop saves you time and money. Getting them as a separate service could cost you twice our plan.
Easy and convenient
Your tax saving plan includes all the steps and tools; tax planning, software, tax professional, bookkeeper, and payroll service.
Filing business taxes for LLC for the first time
You can file taxes for your Single-member LLC as a disregarded entity on your personal tax return or elect S corporation status and file separate business tax returns.
What is a Single member LLC
A Single-member LLC is a business structure where an individual owns and operates a company as a separate legal entity, providing limited liability protection.
Single-member LLC TaxesWhat are the Tax benefits of LLC?
The tax benefits of an LLC include pass-through taxation, flexibility in choosing how to be taxed, and potential deductions for business expenses.
Tax benefits of LLCSingle member LLC Operating Agreement
A single-member LLC operating agreement is a legal document that outlines the internal operations and management structure of a business owned by a single individual.
LLC Operating AgreementWhy S Corporation election?
Converting a single-member LLC to an S corporation can lower self-employment taxes and potential eligibility for more deductions.
Learn more about S corpHow to make your LLC an S Corporation?
Establish a single-member LLC for your business of one, then file IRS Form 2553 to elect S corporation status and begin operating under that structure.
More about IRS form 2553Tax saving strategies for a single member LLC
Guidance to identify tax-saving opportunities specific to your single-member LLC.
Right business structure
Maximize deductions
Frequently asked questions
S Corp vs. Single-member LLC
A Single-member LLC offers simplicity and flexibility, while an S Corporation provides potential tax advantages and additional formalities.
Single-member LLC vs. Sole proprietorship
Sole proprietorship businesses lack legal protection and may face higher taxes. At the same time, a Single-member LLC offers asset protection but does not provide tax savings unless chosen as an S corporation, with net profits subject to self-employment tax and reported on the owner’s personal income tax.
Tax classification for LLC
Single-member LLCs can choose how they want to be taxed; a sole proprietorship tax classification (disregarded entity), an S corporation election, or a C corporation tax classification.
