Shahar Plinner, and Uri Bar-Josef, founders of FormationsCorp.com, are on a mission to help solopreneurs and self-employed small business owners with a net annual income of at least $60,000 to save money and pay less in taxes while operating more effectively.
Formations is a new type of accounting service. They automate the creation and ongoing management of S-Corp, the most efficient tax structure for self-employed individuals. By doing so they save business owners thousands of dollars every year on taxes. They also provide affordable health insurance and other corporate level benefits, and issue monthly paychecks so their users can enjoy the perks of a predictable income. Shahar and Uri believe that being independent doesn’t have to mean being alone. They’re growing by becoming the largest employer of self-employed individuals in the U.S..
Whether you own a dog-walking business, a housecleaning service, a real estate brokerage or a graphic design company, if you’re self-employed, it makes sense to look at strategies that will make you more profitable and pay you more. Otherwise, why be in business for yourself? You could earn less and have less stress by going to work for someone else and leave the cares of the business at the door when you leave work.
So if you’re in business for yourself, and have reached $60K plus net, or expect to in 2020, (ok, maybe 2021 also) — check out Formations’ video explaining five reasons to become an S-Corp, and let me know what you think.
I am in the business of helping small businesses grow and thrive, and this is one step that may be right for some of my readers. If you’d like to talk with someone about transitioning to an S-Corp, click here. And if you’d like to talk about your business structure, strategic plan, and how to get from where you are to where you want to be, book a free exploratory session here.
I vote for efficient. May the small business owner win!