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S-Corporation
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BUSINESS FORMATION

Start your company right.

S Corporation (S-Corp) lawyers will help you receive personal liability protection, easily transfer the sale of stock, deduct business expenses, and more.
Second opinion can’t hurt

Get approved the first time
Long-term stability

Avg price range

Costs largely depend on the complexity of the project, location, and other details. Speak with our experienced project managers to get an exact price based on your unique project requirements. 

*Estimates shown
  • FORMATION
  • POST INCORPORATION

$600 - $1100 avg.

LawTrades
Traditional Large Firm

$300 - $1,300 avg.

LawTrades
Traditional Large Firm

Why an S-Corp

An S Corporation (S-Corp) is a corporation, limited partnership or limited liability company (LLC) that has made a special “S” election with the IRS. Like LLCs and C Corporations (C-Corps), S-Corps provide their owners with personal liability protection. The S-Corp, like the LLC, is a pass-through entity for federal taxes. Basically, that means that the taxable profits or losses for the business are passed through to the business owners, who record these as part of their personal tax filings.

There are other things to like about S-Corp business: ownership can be easily transferred through the sale of stock, business expenses are deductible, and, like C-Corps and LLCs, S-Corps are seen as more legitimate to the general public than a sole proprietorship or general partnership. There are important restrictions to point out for S-Corps though. S-Corps are limited to just 100 shareholders, making it difficult if you’re considering expanding your company to a larger market with bigger investors down the road. Also, S-Corps can only be owned by U.S. citizens or residents. So once again, depending on where you want to expand and who may be an investor, you will want to keep this limitation in mind. Lastly, S-Corps must be owned by individual shareholders and cannot be a subsidiary of some other type of business entity.

The benefits

Second opinion can’t hurt

Are you correct in assuming that your company should be an S-Corp? It’s best to find that out before actually incorporating a company or forming one!

Get approved the first time 

It’s helpful to have a professional double-check the materials you’re submitting to your given state. Forgetting something will only delay your ability to be protected from personal liability, plus some formation applications are non-refundable. 

Long-term stability 

S Corporation lawyers who assists you during formation will have greater familiarity of your company and its needs going forward, than a lawyer you’re forced to hire when something goes wrong. 

Why an S-Corp

An S Corporation (S-Corp) is a corporation, limited partnership or limited liability company (LLC) that has made a special “S” election with the IRS. Like LLCs and C Corporations (C-Corps), S-Corps provide their owners with personal liability protection. The S-Corp, like the LLC, is a pass-through entity for federal taxes. Basically, that means that the taxable profits or losses for the business are passed through to the business owners, who record these as part of their personal tax filings.

There are other things to like about S-Corp business: ownership can be easily transferred through the sale of stock, business expenses are deductible, and, like C-Corps and LLCs, S-Corps are seen as more legitimate to the general public than a sole proprietorship or general partnership. There are important restrictions to point out for S-Corps though. S-Corps are limited to just 100 shareholders, making it difficult if you’re considering expanding your company to a larger market with bigger investors down the road. Also, S-Corps can only be owned by U.S. citizens or residents. So once again, depending on where you want to expand and who may be an investor, you will want to keep this limitation in mind. Lastly, S-Corps must be owned by individual shareholders and cannot be a subsidiary of some other type of business entity.

The benefits

Second opinion can’t hurt

Are you correct in assuming that your company should be an S-Corp? It’s best to find that out before actually incorporating a company or forming one!

Get approved the first time 

It’s helpful to have a professional double-check the materials you’re submitting to your given state. Forgetting something will only delay your ability to be protected from personal liability, plus some formation applications are non-refundable. 

Long-term stability 

S Corporation lawyers who assists you during formation will have greater familiarity of your company and its needs going forward, than a lawyer you’re forced to hire when something goes wrong. 

How it works

Evaluate.

Our legal team evaluates your business needs and designs a custom solution for your legal strategy.

Deploy.

We deploy the right legal talent to the right projects– both aligned with your company's culture and priorities.

Integrate.

We onboard your lawyers and they start contributing, supported by our senior legal staff.

Iterate.

Expand and contract work based on the fluctuating needs of your business.

How it works

Evaluate.

Our legal team evaluates your business needs and designs a custom solution for your legal strategy.

Deploy.

We deploy the right legal talent to the right projects– both aligned with your company's culture and priorities.

Integrate.

We onboard your lawyers and they start contributing, supported by our senior legal staff.

Iterate.

Expand and contract work based on the fluctuating needs of your business.

Reviews

Haithem E.

⭐⭐⭐⭐⭐
Working with LawTrades has been transformative for our company. Whenever we have a legal project that has to get done, we know we can count on LT to help us find a specialized lawyer for the project at an extremely reasonable price. We've had nothing but great experiences with them thus far, and look forward to continue working with LT for many projects to come!

Parth S.

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Fantastic service. Easy to use, professional results, and the customer service is quick and top notch.

Brandon F.

⭐⭐⭐⭐⭐
This team is EXCELLENT. They will reply almost immediately even in the evening hours and I have found them to be both reliable and dependable. They will answer many confusing questions for anyone and will connect you to the services you need (copyright/patent/trademark/whatever else). Personally, I have tried speaking with law groups and scheduling appointments but nothing is easier than working with LawTrades. The costs are fixed, so no surprises and no hourly ripoffs. You are guaranteed vetted lawyers who are interested in helping you at an affordable rate and you have the best customer service you could ask for. 100% recommend! This is lawyering-up made easy.

Joey C.

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So far has been an excellent experience. My LawTrades attorney is excellent at what he does, has fair pricing, and is as excited to work with our company as we are to build it. LawTrades also has excellent customer support, and I've enjoyed using your interface as well to track invoices. The only thing I would want is the ability to delete projects, and to use your website on my tablet. Other than that, great work. Keep it up! I've already mentioned you to other founders and colleagues!

Justin P.

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I had an excellent experience with LawTrades. From the initial enquiry they located a lawyer (Sylvain) who was ideal for my needs. Sylvain was very friendly, efficient and provided a great service at a great price. I would not hesitate to use LawTrades or Sylvain again. The administration and process from start to finish was made as easy as possible by the LawTrades team.

Michael A.

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Have been working with them since back in 2015. They're building an amazing platform that's really going to disrupt how the legal practice has been looking at for quite a while. Big fan of what they are in the process of building, and the product itself is great too. Recommend this to anyone who's looking for a lawyer, but might be confused about where to start. LawTrades makes it super easy.

Christian C.

⭐⭐⭐⭐⭐
I found LawTrades through an eNewsletter called The Hustle, right around the time I was filing for some trademarks. I thought it would be a good opportunity to try out this service. It was SO EASY. LawTrades hooked me up with a Trademark Lawyer who was very knowledgeable, and he had GREAT COMMUNICATION skills. I felt like my business was in great hands, and I've already recommended a few colleagues to use LawTrades. I will definitely use them again, the next time I require legal services. Yes!

Azeem K.

⭐⭐⭐⭐⭐
I NEVER post reviews but these guys are on to something. I've used the service a few times and it's awesome. For things that my lawyer would charge me a ton of $ for, I'm able to do at a fraction of the price and manage all of my open items through the system. The lawyers on there are pre-vetted and great to work with, haven't had any issues. They also offer other free resources like contract templates, best practices, etc. I recommend them to my friends when I can.

What people
are saying

(100+ Positive Reviews)

⭐⭐⭐⭐⭐

Reviews

Chris M.

⭐⭐⭐⭐⭐
Working with my lawyer assign Jon H. was very easy and seamless. He was quick, attentive and answered my questions and concerns in a timely manner. Definitely recommend you and his services.

Hassan A.

⭐⭐⭐⭐⭐
It was so easy to manage through the text interaction when I got started. It was easy, fast and painless. I am very impressed

Jill J.

⭐⭐⭐⭐⭐
Great experience all around, LawTrades was just so much more personal and much better than other startup/online on-demand solutions for legal work,. Almost feels like I handpicked and hired the attorney myself. The Attorney was available to answer questions by phone or text message, so was the LawTrades rep who set the whole thing up. And when setting up new entities you always have questions, so this was a big deal for me.

Legal Advice Anytime, Anywhere

With LawTrades, you can send your dedicated legal team a message whenever you’re near a laptop, tablet, or smartphone.

Frequently asked
questions

Should I form a C-Corp or an S-Corp?
It’s hard to say without knowing specifics on your company. Given the restrictions that come along with an S-Corp, a C-Corp offers a bit more flexibility when starting a business. A C-Corp is a standard corporation whereas an S-Corp has a special tax status assigned to it by the IRS. Both types of corporations offer limited liability protection, have similar structures, corporate formalities, and both are considered separate entities. However, despite their similarities, they have distinct differences.

C-Corps are separate taxable entities and are subject to double taxation. Conversely, S-Corps are pass through entities and pay no corporate income tax. As a result, taxes are paid at the individual level. S-Corp business restrictions include no more than 100 shareholders and they must be U.S. citizens or residents. They can also not be owned by other corporations, LLCs, or partnerships. Finally, S-Corps can only have one class of stock while a C-Corporation can have multiple classes. Interested in a S-Corp? Check out more.
Where should I form an S-Corp?
If your company isn’t a big operation or operates in a small area, it’s probably okay to incorporate in your home state. For other larger S-Corps, some of the most popular states to incorporate include Delaware, Nevada and Wyoming. If your company incorporates in a foreign state then it’s crucial to abide by rules governing “foreign qualification.” This is when states require S-Corps to pay additional taxes and fees for conducting business in state that it is not incorporated in.
What’s limited liability protection?
It’s the biggest reason why people choose to incorporate their businesses. It provides owners protection from their personal assets against creditors’ claims. As long as the owners truly treat their business as a separate entity, they retain such protection.
What’s an EIN?
It’s the Internal Revenue Service’s (IRS) way of identifying businesses for tax purposes. For federal income tax purposes, a C-Corp is recognized as a separate tax paying entity.
What’s a registered agent?
A business or individual designated to receive service of process when a business is a party in a legal action or when the state attempts to communicate with the company. Some states, like Delaware, require entities registered within its jurisdiction to maintain an in-state registered agent.