Collective’s Post

View organization page for Collective, graphic

24,987 followers

What Does It Mean to Backdate an S Corp Election? With Collective, backdating your LLC’s S Corp election means your business will be treated as an S Corp for all of 2024. The key benefit is significant savings on the 15.3% self-employment tax, resulting in major tax savings and more money in your pocket! Collective is currently offering the option to backdate S Corp tax elections until the end of June. Visit Collective.com to learn more about backdating your S Corp #scorp #businessformation #LLC #taxsavings #taxtips #selfemployed

To view or add a comment, sign in

Explore topics