State by state guides for setting up and maintaining your Business-of-One.
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Popular Guides
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How To Start an S Corp: A Step-by-Step Guide for the Self-Employed
An S Corp starts as a legal entity, not a company you build from…
How to Run Payroll When You’re an S Corp Owner-Employee and Hiring Contractors
Running a business-of-one often involves wearing many hats, but once you elect S Corp…
Simple Steps To Forming an LLC in Georgia: Your Comprehensive 2025 Guide
Are you thinking about taking control of your career and building something of your…
How to Pay Yourself as a Business Owner (Without Wrecking Your Finances)
Never pay your rent from your business bank account.It sounds obvious, right? But countless…
S Corp Application Form (2553)
Special Note: Only Real Pen Ink Signatures Allowed Overview Form 2553 is a foundational…
California – Annual S Corporation Franchise Fee Payment Instructions
Most states follow the federal IRS rules and don’t require S Corps to pay…
Shareholder Distributions for Sole S Corp Owners
What to know A shareholder distribution is a way to take funds out of…
How to Start an S Corp in New York
As a NY business owner, if you’re looking for a way to mitigate your…
Guide to Self-Employed Hairstylist Taxes
How do Self-Employed Hairstylists File Taxes? You’re a hairstylist or barber who decided to…
Owner’s Draw vs. Salary: Paying Yourself as a Business Owner
The way you set up your business has a ripple effect. Impacting everything from…
Texas S Corp: What You Need to Know
If you call the Lonestar State home, or are considering moving there – well…
1099-NEC Guide for LLC Owners
1099-NEC is a tax form used when paying contractors and vendors. NEC is short…
S Corp in Florida: Is It the Right Choice for Your Business?
Like most solopreneurs in Florida, or elsewhere, you’re passionate about your business. After all,…
When to Hire a CPA
Navigating the Financial Landscape: When Should You Hire a CPA? In today’s dynamic and…
What is an LLC?
An LLC, or Limited Liability Company, is a legal business structure that combines the…
What is Accounting?
Accounting Definition What is accounting? Accounting is the process of recording, summarizing, analyzing, and…
What is an EIN Number?
EIN (Employer Identification Number) Definition What is an employer identification number? An Employer Identification…
What S Corp Owners Need to Know About the QBI Deduction
The Qualified Business Income Deduction is a relatively new tax deduction that offers considerable…
Guide to Tax Deductions for Real Estate Agents
“In this world, nothing is certain except death and taxes.” – Benjamin Franklin Did…
Guide to Small Business Expense Tracking
So you’ve figured out how to start an LLC or other small business venture.…
Starting an LLC
All LLC postsWhat is an LLC?
An LLC, or Limited Liability Company, is a legal business structure that combines the limited liability protection of…
How to Start an LLC in Maryland: <br> A Step-by-Step Guide
Starting an LLC in Maryland FAQs Why Start an LLC in Maryland? If you’re reading this, you’re probably…
How to Start an LLC in Colorado: </br> A Step-by-Step Guide
Starting an LLC in Colorado FAQs Why Start an LLC in Colorado? If you’re in Colorado, or planning…
How to Start an LLC in Washington State: </br> A Step-by-Step Guide
Starting an LLC in Washington State FAQs Why Start an LLC in Washington State? If you’re in Washington…
How to Start an LLC in Oregon: </br> A Step-by-Step Guide
Starting an LLC in Oregon FAQs Why Start an LLC in Oregon? If you’re in Oregon, or planning…
Starting an S Corp
All S Corp posts
How to Pay Yourself as an S Corp Owner
You elected S Corp status to save on taxes, but now you’re staring at…
How to Reduce Self-Employment Tax With an S Corp in 2026
If you’re self-employed, roughly 15.3% of your income is going straight to a tax…
The S Corp Owner’s Mid-Year Check-In: Is Your Structure Doing What It Should?
If you’re running your business under an S Corp election, mid-year is a worthwhile…
Switching to an S Corp Mid-Year: What to Know Before You Do It
The S Corp election is one of the more impactful decisions a solopreneur can…
LLC vs. S Corp for Creators: Your Questions Answered
If you’ve spent any time in creator communities, you’ve probably seen the conversation loop:…
The Best Structure for Solo Consultant Taxes
Running a consulting practice means wearing every hat. Account executive, project manager, delivery lead,…
Payroll Solutions for Solopreneurs: A Comparison Guide
When you make an S Corp election, running payroll becomes part of your required…
Formation Solutions for Solopreneurs: A Comparison Guide
For a solopreneur, forming an LLC is one of the most consequential early decisions…
Is an S Corp Worth It at $150K in Business Profit?
If you’re a full-time solopreneur making $150,000 in annual profit, you’re in the range…
S Corp Disadvantages (and Advantages) Every Solopreneur Should Understand
The S Corp election has a reputation for significant tax savings, and in the…
How S Corp Owners Navigate Mortgage Approval
One of the most persistent anxieties in self-employment is the mortgage question. Will lenders…
What Impact Will an S Corp Have on Your Future Social Security Benefits?
Electing S Corp status can lower your tax bill by letting you take part…
How to Run Payroll for an S Corp
You don’t need to be a business with a bunch of employees to run…
Here’s How Starting an S Corp Leveled Up My Online Business
When you start a new side hustle or full-time business venture, you’re automatically considered…
Self-Employed Retirement Plans: Which is the Best for You?
When you work for yourself, no one is automatically setting money aside for your…
LLC vs S Corp: The Difference and Tax Benefits
Even when you’re the only one in your business, tax and legal matters are…
When is the best time to switch to an S Corp?
Switching from a sole proprietor to an S Corp feels like going from Princess…
Why are you still a sole proprietor? It’s time to switch
There comes a moment in every young freelancer’s life when it’s time to level…
Washington State Business License: What You Need to Know
If you run a business in Washington, you’ll need a Washington state business license,…
California Guides
All California posts
The Complete Guide to LLC Costs in California
Running a business of any kind comes with expenses. Even a Business-of-One operating out…
S Corp Tax Treatment in California – Guide for Freelancers
The Golden State isn’t as “golden” as it used to be, at least for…
Freelancer’s Guide to Getting a Business License for LLCs & S Corps in California
Even if you managed to survive without a business license when you were a…
The Ultimate Guide to Starting a Business In California
Are you ready to start a business in California? We’ve got some great news…
Guide to Single Member LLC Post Entity Formation Setup in California
After you’ve filed your articles of organization with the California Secretary of State, your…
A Complete Guide to Disregarded Entities in California
Whenever you establish a business, it receives a type of tax treatment automatically from…
Sole Proprietorships vs. Single Member LLCs in California
Ready to start your business all on your own? Well, one of the first…
Business License California: What you Need to Know
If you do business in California, you might need a California business license, permit,…
California LLC Tax Rate – Freelancers Guide
Ah, taxes. No one can avoid them, including your limited liability company (LLC). So,…
Freelancers Guide to LLCs in California – What You Need to Know
Are you a freelancer who’s ready to officially form their own business? That’s great!…
The Ultimate Guide to Naming an LLC in California
Registering your freelance business as a Limited Liability Company (LLC) comes with a host…
Tax savings for the self-employed
We help our clients save an average of $16,845* every year and stop worrying about the bookkeeping and tax side of running their business
Get Started with Collective* Based on the average 2020 tax savings of active Collective users with an S Corp tax election for the 2020 tax year