S-Corp Election Academy

Master the LLC vs S-Corp election decision. Learn exactly when and how to elect S-Corp status to save thousands on self-employment taxes — c...
San Pablo, PH
•Created byProfile picturetentatruimac
2 joined
Profile picture
@tentatruimacProfile pictureJun 14
Pinned post

Welcome to the S-Corp Election Academy! šŸŽ“ Start Here

Welcome to the LLC vs S-Corp Election Beginner Bootcamp — the course that cuts through the noise and shows you exactly when (and how) electing S-Corp status saves you real money.


What You'll Learn


Over 5 modules and 18 lessons, you'll go from zero tax knowledge to confidently understanding:


  • Module 1: Business entity foundations — what they are and how they affect your taxes

  • Module 2: LLC formation step-by-step — state selection, Articles of Organization, EIN setup

  • Module 3: The S-Corp election — revenue thresholds, reasonable compensation, and real tax savings calculations

  • Module 4: Filing Form 2553 — line-by-line walkthrough, deadlines, payroll setup, and common mistakes

  • Module 5: Ongoing compliance — quarterly taxes, salary vs. distributions, annual filings, and when to revoke


How to Get the Most Out of This Course


  1. Go in order. Lessons build on each other — don't skip ahead.

  2. Run the numbers. When you hit the tax savings lessons, plug in YOUR income and see what you'd actually save.

  3. Use the community chat. Ask questions, share your situation, and learn from others going through the same process.

  4. Take action. This course isn't theory — it's a playbook. By the end, you'll know exactly whether to file Form 2553 and how to do it.


Who This Is For


  • Freelancers and solopreneurs earning $40K-$200K

  • LLC owners who've heard about S-Corp but don't know if it applies to them

  • Anyone paying self-employment tax and wondering if there's a better way


Head to the LLC vs S-Corp Bootcamp course to begin Module 1. Let's get started. šŸ’°

Profile picture
@tentatruimacProfile pictureJun 14

Are You Overpaying Self-Employment Tax? Here's the S-Corp Threshold Most People Miss

If you're a freelancer, consultant, or solopreneur earning over $50K/year as an LLC, there's a good chance you're paying thousands more in taxes than you need to.


The culprit? Self-employment tax — that 15.3% hit on every dollar of net profit.


The Number Most People Don't Know


There's a specific revenue threshold where electing S-Corp status for your LLC starts saving you serious money. Below it, the costs outweigh the benefits. Above it, you could be saving $5,000-$15,000+ per year.


Quick example:

  • $100K net profit as a sole proprietor: ~$15,300 in SE tax

  • $100K net profit as an S-Corp (with $55K salary): ~$8,415 in payroll tax

  • Annual savings: ~$6,885


And that's a conservative split.


What Most People Get Wrong


āŒ "S-Corp is a type of business" — No, it's a tax election for your existing LLC

āŒ "Everyone should be an S-Corp" — No, below ~$50K it actually costs you money

āŒ "You can pay yourself $1 salary" — The IRS requires reasonable compensation


What We Cover in the Bootcamp


The LLC vs S-Corp Election Beginner Bootcamp walks you through everything from zero:


āœ… Business entity foundations and how they're taxed

āœ… The exact revenue threshold where S-Corp makes sense

āœ… Form 2553 line-by-line walkthrough

āœ… Payroll setup and reasonable compensation rules

āœ… Ongoing compliance so you don't trigger IRS problems


18 detailed lessons. 5 modules. Zero fluff.


If you're earning $40K-$200K and haven't explored S-Corp election, you're likely leaving money on the table.

Profile picture
@tentatruimacProfile pictureJun 14

Are You Overpaying Self-Employment Tax? Here's the S-Corp Threshold Most People Miss

If you're a freelancer, consultant, or solopreneur earning over $50K/year as an LLC, there's a good chance you're paying thousands more in taxes than you need to.


The culprit? Self-employment tax — that 15.3% hit on every dollar of net profit.


The Number Most People Don't Know


There's a specific revenue threshold where electing S-Corp status for your LLC starts saving you serious money. Below it, the costs outweigh the benefits. Above it, you could be saving $5,000-$15,000+ per year.


Quick example:

  • $100K net profit as a sole proprietor: ~$15,300 in SE tax

  • $100K net profit as an S-Corp (with $55K salary): ~$8,415 in payroll tax

  • Annual savings: ~$6,885


And that's a conservative split.


What Most People Get Wrong


āŒ "S-Corp is a type of business" — No, it's a tax election for your existing LLC

āŒ "Everyone should be an S-Corp" — No, below ~$50K it actually costs you money

āŒ "You can pay yourself $1 salary" — The IRS requires reasonable compensation


What We Cover in the Bootcamp


The LLC vs S-Corp Election Beginner Bootcamp walks you through everything from zero:


āœ… Business entity foundations and how they're taxed

āœ… The exact revenue threshold where S-Corp makes sense

āœ… Form 2553 line-by-line walkthrough

āœ… Payroll setup and reasonable compensation rules

āœ… Ongoing compliance so you don't trigger IRS problems


18 detailed lessons. 5 modules. Zero fluff.


If you're earning $40K-$200K and haven't explored S-Corp election, you're likely leaving money on the table.

Profile picture
@tentatruimacProfile pictureJun 14

Are You Overpaying Self-Employment Tax? Here's the S-Corp Threshold Most People Miss

If you're a freelancer, consultant, or solopreneur earning over $50K/year as an LLC, there's a good chance you're paying thousands more in taxes than you need to.


The culprit? Self-employment tax — that 15.3% hit on every dollar of net profit.


The Number Most People Don't Know


There's a specific revenue threshold where electing S-Corp status for your LLC starts saving you serious money. Below it, the costs outweigh the benefits. Above it, you could be saving $5,000-$15,000+ per year.


Quick example:

  • $100K net profit as a sole proprietor: ~$15,300 in SE tax

  • $100K net profit as an S-Corp (with $55K salary): ~$8,415 in payroll tax

  • Annual savings: ~$6,885


And that's a conservative split.


What Most People Get Wrong


āŒ "S-Corp is a type of business" — No, it's a tax election for your existing LLC

āŒ "Everyone should be an S-Corp" — No, below ~$50K it actually costs you money

āŒ "You can pay yourself $1 salary" — The IRS requires reasonable compensation


What We Cover in the Bootcamp


The LLC vs S-Corp Election Beginner Bootcamp walks you through everything from zero:


āœ… Business entity foundations and how they're taxed

āœ… The exact revenue threshold where S-Corp makes sense

āœ… Form 2553 line-by-line walkthrough

āœ… Payroll setup and reasonable compensation rules

āœ… Ongoing compliance so you don't trigger IRS problems


18 detailed lessons. 5 modules. Zero fluff.


If you're earning $40K-$200K and haven't explored S-Corp election, you're likely leaving money on the table.