When you set up a corporation as your legal structure, you need to decide on the tax designation.
S Corporations or S Corps are permitted to pass their corporate income, losses, deductions and credits to their shareholders through the tax code.
This is an advantage of being an S Corp, but it adds an extra step in getting your business set up.
Some formation providers also offer assistance in completing and electing the tax status through Form 2553, many more offer advice. Below we have listed those that support you through the completion and election of an S Corp.
- Free First Year If You Use Their $39 formation package
- $125 Per Year After
- Available in all 50 states
- Free mail forwarding
- Locally-Scanned Documents
- Free For The First Year
- $119 / Annually After That
- Never Any Hidden Fees or Contracts
- Loved by 800,000+ Entrepreneurs
- Available in All 50 States
- Rated 4.7 out of 5 On Trustpilot
- $199 / Year
- Only Takes 5 to 10 Minutes To Set-up
- 100% Accuracy Guarantee
- Expert Customer Support
The table below gives a quick price comparison of the top US providers for S Corporation tax election, also known as completion of Form 2553.
| Company | Price (excluding state fees) |
|---|---|
| Bizee | $0 |
| Rocket Lawyer | $49.99 |
| Inc Authority | $0 |
| Business Anywhere | $97 |
| MyCompanyWorks | $79 + $29 |
| CorpNet | $99 |
| MyCorporation | $109 + $49 |
| Filenow | $74 |
* The facts and figures included here come from each company’s website and were accurate at the time of writing but may have since changed. Also, please keep in mind these may not be apples-to-apples comparisons as each provider offers different solutions. This guide should be used as a starting point for more research on your part.
Below we profile each of the companies’ services and features in a bit more detail.
Note companies are ranked in no particular order, and this in no way indicates one solution is better than another.
- Free First Year If You Use Their $39 formation package
- $125 Per Year After
- Available in all 50 states
- Free mail forwarding
- Locally-Scanned Documents
- Free For The First Year
- $119 / Annually After That
- Never Any Hidden Fees or Contracts
- Loved by 800,000+ Entrepreneurs
- Available in All 50 States
- Rated 4.7 out of 5 On Trustpilot
- $199 / Year
- Only Takes 5 to 10 Minutes To Set-up
- 100% Accuracy Guarantee
- Expert Customer Support
1. Bizee
- Offers business incorporation services for S Corps
- All packages include completion of IRS Form 2553
- Packages start at $0 plus state fees
- Includes drafting, preparing and filing the Articles of Organization
- Assists in accurate filings to reduce rejection
- Also offers contract templates, forms and documents
- Registered Agent service included for the first year
- EIN business tax is included in some plans
- A personalized dashboard to manage your services and compliance alerts
- Customer service is available 24/7
Website: https://bizee.com/business-formation/start-an-s-corporation
2. Rocket Lawyer
- They offer company formation and S Corp election
- S Corp election service is offered at $49.99 as part of the Rocket Legal+ membership
- Members also get a free business formation
- Rocket Legal+ membership provides legal support and discounts with the annual plan
- Their specialist can assist you in checking if the S Corp is correct for your business
- Aid you in preparing S Corp documents
- Can reduce filing rejection
- Support answering business and tax questions from their experienced team
- Legal assistance is available to help with contracts, employees, compliance and more
- Rocket Copilot can assist with developing a unique business name and custom logo
Website: https://www.rocketlawyer.com/corporation/s-corp
3. Inc Authority
- Offers business formation services which include corporations and LLCs
- Supports the formation and election of an S Corp
- Free corporation formation service
- No charge for S Corp creation
- Assistance in structuring your business
- Prepare and file entity formation documents
- Processing time of 24 hours
- Includes a business name availability service
- Registered Agent service for a year
- They offer other services such as tax planning consultation, Visa business credit card and a custom-built website
Website: https://www.incauthority.com/blog/how-to-create-an-s-corp/
4. Business Anywhere
- They offer an all-in-one business service that includes forming businesses
- Services include S Corp election and filing at $97
- Formation services start at $0 plus state fees
- Provides services across all 50 US states
- Offers expedited filing at an extra charge
- Get started using the online form
- Provides free consultation service
- Registered Agent service is included for a year
- Their experts will aid you through the process and help you avoid mistakes
- Offers other services such as operational agreement templates, EIN, Beneficial Ownership Information Report and virtual mailbox
Website: https://businessanywhere.io/how-to-fill-out-form-2553/
5. MyCompanyWorks
- Offers S Corporation services that include formation and election
- Formation costs start at $79 plus state fees
- S Corp election fees cost $29
- Supports the filing of businesses in all 50 US states and DC
- They provide an online application with tracking and e-documentation
- Their interactive wizard supports you through the process step-by-step
- Orders can be processed the same day if placed before 3pm
- Online dashboard allows you to manage your business entity and compliance tasks easily
- Support available by phone and email from their experienced team
- Also provides free annual checklists, email alerts and handbooks
Website: https://www.mycompanyworks.com/s-corporation.htm
6. CorpNet
- They offer formation services that include S Corp registration
- Services start at $99
- Offers services that can form your business anywhere in the US
- Includes name checking service
- Support in filing your Articles of Incorporation
- Election of S Corp through completion of Form 2553
- 60 days free Registered Agent service
- Incorporator resolutions
- Some plans include corporate bylaws and minutes, EIN, and custom corporate kit
- Trustpilot score of excellent
Website: https://www.corpnet.com/start-business/s-corporation-formation/
7. MyCorporation
- Offers business formation services for corporations including S Corp election
- Business formation services start at $109 plus state fees
- S Corp filing is an additional cost of $49 plus state fees
- Experienced provider with a range of tools to support small businesses
- Assistance in completing and filing paperwork correctly
- Expert-backed three-step process for filing
- Free name availability checking
- Filing of Articles of Incorporation
- Document storage in MyCorp Vault
- Some plans offer Registered Agent service and MaintainMyBiz
Website: https://www.mycorporation.com/business-formations/s-corporations.jsp
8. Filenow
- They offer corporation formation services and the election of an S Corporation
- Formation costs start at $74 plus state fees
- Business name availability search
- Filing of Articles of Incorporation
- Documents supplied electronically
- Provides an alert service
- 24-hour expedited processing included on Premium plans
- Additional services offered on the Premium plan include one year Registered Agents service, corporate bylaws, EIN, and business contract templates
- Provides a money-back guarantee and free shipping
- Phone and email support is unlimited