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S corp

Here’s How Starting an S Corp Leveled Up my Online Business

Young man with dark brown hair and glasses sits at a white desk with his latop. He is starting straight at the camera.

Eric Rosenberg is a finance, travel, and technology writer in Ventura, California. He is a former bank manager and corporate finance and accounting professional who left his day job in 2016 to take his online side hustle full-time. Eric’s writing has appeared in publications including the Huffington Post, Business Insider, Investopedia, and many others. When […]

Self-Employed Retirement Plans: Which is the Best for You?

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So, you’ve earned some extra cash? Isn’t it time that your cash works just as hard as you? Well, then there is no better time than now to start thinking about retirement contribution plans. Not only will you be investing in your future, but the IRS will even give you some perks.  Not all retirement […]

LLC vs S Corp- Which is the best for freelancers?

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As a freelancer, you’ve probably heard the words LLC and S Corp floating around. And you probably need to decide which one to form. But who wants to spend their time thinking about which business entity to choose? BO-RING.  You wish that the decision would just go away. Kinda like in Labyrinth when Sarah wishes […]

When is the best time to switch to an S Corp?

freelance_startup_scorp_hyke

Switching from a sole proprietor to an S Corp feels like going from Princess Adora to She-Ra. It’s not like life is terrible for Adora, but as She-Ra, she gets a red cape, fancy sword, and a pegasus unicorn.  Your S Corp might not come with a flying horse, but it does include significant tax […]

Can you afford to be an S Corp?

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S Corps have a lot of buzz about them. If they were at Beverly Hills High in the ’90s, S Corps would be the Cher of the school: popular, sought after, and a total betty despite their flaws. But like Cher, S Corps cost some serious cash to maintain.  Sure, you don’t have to have […]

Why are you still a sole proprietor? It’s time to switch

hyke_freelancing_llc_scorp

There comes a moment in every young freelancer’s life when it’s time to level up their business, kind of like if Ralph Macchio went from The Karate Kid to The Karate Man. Sure, it never happened, but that dreamy brown-eyed teen idol couldn’t stay a kid forever.  Just like Ralph Macchio grew out of wax […]

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