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

Michael S.

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My experience was very easy from beginning to end. I especially liked the fact that My payment was not processed until I signed off on the Project.

Malia R.

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Very friendly and knowledgeable. Helped me with all of my questions in a timely and professional manner. Thank you!

Syam P.

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Easy to use, good way to meet a lawyer, and I like that it was fixed fee.

Peter K.

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Easy, fair pricing, connected me to a talented person.

Mark C.

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Excellent attorney. Worked well with the client. Price was great. I would use law trades again.

Mark S.

⭐⭐⭐⭐⭐
Super easy. Reasonably priced.

Matthew H.

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great communication between client and lawyer

Ahamad K.

⭐⭐⭐⭐⭐
Very smooth and responsive user interface. Efficient project management process and prompt and courteous lawyer interaction.

What people
are saying

(100+ Positive Reviews)

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Reviews

Chet R.

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It easy, convenient & since the funds are released after the project completion, everyone looks forward to meet deadlines.

Yash P.

⭐⭐⭐⭐⭐
Amazing service, i cant get over texting to get a lawyer. it's revolutionary and can legitimately improve the US justice system for people with no access to quality lawyers.

Melanie W.

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Because the most difficult part of finding a lawyer was removed from my worries. I was able to focus on my business. Scheduling and the free consultation were also valuable giving me a piece of mind knowing I get to evaluate the lawyer before moving forward with them. The project managers were proactive, and made sure to reach me through all forms of communication as needed. Finally, my lawyer was very resourceful and I will be referring back them for more business.

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.