Save $500 with Vermont S Corp Kit

Ready for an S corporation?

You don't have to spend $300, $500 or more on a lawyer or online incorporation service to set up a Vermont S corporation. You can do the work yourself.

Here's the truth about S corporations: To form an S corporation, you file some simple paperwork with the state of Vermont and with the Internal Revenue Service. Mostly, you're just filling in blanks with information like your name, address, and the date you want to start operations. You don't need to pay someone big bucks to do this.

One other comment: By doing the setup work yourself, you should be able to complete the incorporation documents in a few minutes once you've read my short e-book. In comparison, work with a professional or online incorporation service and you usually need to wait days and days or even weeks for your documents. Well, that is, unless you're willing to pay big fees for faster processing.

The point is, you can do this yourself. But there's a key bit of information you need as you begin...

Two Options for Setting Up an S Corporation

You may be surprised to read this, but you have actually two options for setting up a Subchapter S corporation because an S corporation is not a corporation. Rather, an S corporation is an eligible entity (typically either a limited liability company or a corporation) that's made an election to be treated as a subchapter S corporation.

Once you understand that there are two ways to create an S corporation, you can choose between the two S corporation kits this web site sells.

Option 1: LLC Version

You can set up a limited liability company and then make the Subchapter S election to have the limited liability company treated for income tax purposes as an S corporation. Many knowledgeable accountants and attorneys now recommend the limited-liability-company route because limited liability companies are easier to "maintain" than regular corporations.

For $37.95, you can purchase the 20+ page pdf document that discusses and describes the benefits of creating an S corporation using a limited liability company.

This kit explains in step-by-step fashion how to setup an Vermont state LLC , how to get a federal tax identification number for your new LLC so you can start banking and other financial activities, and how to elect to have your LLC treated (for federal and state income tax purposes) as an S Corporation so you can maximize your tax savings.

The $37.95 kit includes examples of completed state and federal forms so you know exactly what your setup documents should look like.

Special Bonus

The LLC-flavor of the Vermont S corporation kit also includes two sample operating agreements, one for a single member limited liability company and one for a multiple member limited liability company.

Table of Contents

• Introduction
• Understanding the Twin Benefits of an LLC
  • Limited liability protection
  • Tax classification flexibility
• Drawbacks of an Vermont LLC
• Steps for forming an Vermont LLC
• Licensing a business in Vermont
• Precise steps for getting a Federal EIN for your LLC
• Precise steps for electing S Corporation status for your LLC

Option 2: Regular Corporation Version

You can set up a traditional corporation and then make the Subchapter S election to have the corporation treated for income tax purposes as an S corporation. This option may be the right choice when you want to be a corporation for credibility or "branding" reasons. For example, if you want to use the name "corporation" or the acronym "inc" in your business name, you would form a regular corporation and not a limited liability company. (A limited liability company will typically use the acronym "LLC" in its name--and some people don't like that.)

For $37.95 you can purchase the 35 page pdf document that discusses and describes the benefits of creating an S corporation using a regular, traditional corporation. Specifically, the regular-corporation version of the kit explains provides step-by-step instructions for incorporating your active trade or business in Vermont, how to get a federal tax identification number for your new corporation so you can start banking and other financial activities, and how to elect to have your corporation treated for federal and state income tax as an S Corporation so you can maximize your tax savings.

By the way, after reading the kit document, you may decide to skip the Subchapter S election and leave your corporation taxed as a regular corporation, or C corporation. C corporations do deliver some unique tax benefits to their owners, as discussed in the kit.

Special Bonus

The regular-corporation version of the Vermont S corporation kit includes sample corporate bylaws, which you or your attorney can use as a starting point for personalized corporation bylaws.

Table of Contents

• Introduction
• Understanding the twin benefits of incorporation
  • Limited liability protection
  • Tax benefits of corporations
• Drawbacks of an Vermont corporation
• An overview of federal and state corporate tax rules
• Steps for easily incorporating an Vermont corporation
• Licensing a corporation in Vermont
• Quickly getting a federal employer identification number (EIN) for your corporation
• Precise steps for electing Subchapter S Corporation, or S Corp, status for your corporation
• Sample Vermont corporation by-laws