Reduce Your Tax Burden with S Corp Election
Have your LLC taxed as an S Corporation and potentially save thousands in self-employment taxes. Our experts handle Form 2553 filing so you can focus on maximizing your tax savings.
Helping Sri Lankan founders access these platforms
Paying full self-employment tax on every dollar your LLC earns?
Money Left On The Table
A profitable LLC taxed by default pays self-employment tax on all net income. Electing S-Corp status lets you split earnings into a reasonable salary plus distributions, which can save thousands once profits are consistent.
Strict Form 2553 Deadlines
The S-Corp election runs on Form 2553 with hard IRS timing windows, generally within 75 days of formation or the start of the tax year. Miss the window and you wait another full year or fight for late-election relief.
Election Is Not Always Worth It
Below a certain profit level, payroll and compliance costs can outweigh the tax savings, and non-resident ownership adds eligibility limits. The honest answer requires running your numbers before you file, not after.
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What is an S Corporation Tax Election?
S Corporation Tax Election allows your LLC to be taxed as an S Corporation instead of a sole proprietorship or partnership. This strategic tax decision can significantly reduce your self-employment tax burden, potentially saving you thousands of dollars annually.
By filing IRS Form 2553, you elect to have your business income, losses, deductions, and credits pass through to shareholders, avoiding double taxation while reducing self-employment taxes on distributions. You'll pay yourself a reasonable salary subject to payroll taxes, while remaining profits are distributed tax-efficiently.
This tax structure is particularly beneficial for profitable LLCs where owners can justify a reasonable salary and still have significant distributions remaining. The savings on Social Security, Medicare, and FICA taxes can be substantial as your business grows.
How It Works
Elect S Corp status for your LLC in three straightforward steps.
- 1
Eligibility Review
We verify your LLC meets all IRS requirements for S Corp election, including ownership structure and business type.
- 2
Form 2553 Preparation
Our experts accurately complete IRS Form 2553 with all required shareholder information and election details.
- 3
IRS Filing
We file your S Corporation Tax Election with the IRS within the required timeframe to ensure acceptance.
- 4
Confirmation and Setup
Receive IRS confirmation and guidance on payroll setup, reasonable compensation, and ongoing compliance requirements.
Eligibility Review
We verify your LLC meets all IRS requirements for S Corp election, including ownership structure and business type.
Form 2553 Preparation
Our experts accurately complete IRS Form 2553 with all required shareholder information and election details.
IRS Filing
We file your S Corporation Tax Election with the IRS within the required timeframe to ensure acceptance.
Confirmation and Setup
Receive IRS confirmation and guidance on payroll setup, reasonable compensation, and ongoing compliance requirements.
Why Choose Our S Corp Tax Election Services?
Professional guidance and accurate Form 2553 filing to help you reduce taxes and stay compliant with the IRS.
Significant Tax Savings
Reduce self-employment taxes by thousands annually through strategic salary and distribution planning.
IRS Compliance Experts
Avoid IRS filing and record-keeping mistakes with our experienced tax professionals handling Form 2553.
Timely Filing Guaranteed
We ensure your S Corp election is filed within IRS deadlines to avoid missing the tax year cutoff.
Dedicated Tax Support
Get personalized guidance on reasonable compensation, payroll setup, and ongoing S Corp requirements.
Tax Savings Calculator
Access our S Corp tax calculator to estimate your potential savings before you commit.
Complete Documentation
Receive all necessary documentation including shareholder consent forms and election confirmation.
Your Questions,
Our Expertise
Find quick answers to common questions about our business services. From setup processes to compliance requirements, we've compiled the insights you need to make informed decisions about your business journey.
Choose Your Success
Package
Transparent, competitive pricing for US LLC, UK company and Sri Lanka private limited registration, designed to fit businesses of every size. Choose the package that fits your needs, with flexible options that scale as you grow.
Basic
Essential LLC formation package
- Certificate of Formation
- Articles of Organization
- Registered Agent Service (1 year)
- USA physical address
- Business tax consultation
- Complete incorporation documents
- Customizable business agreement template
- Lifetime compliance alerts
Growth
Complete business setup package
- Certificate of Formation
- Articles of Organization
- Registered Agent Service (1 year)
- USA physical address
- Business tax consultation
- Complete incorporation documents
- Customizable business agreement template
- Lifetime compliance alerts
- Order priority processing
- Fast EIN (Tax ID) processing
- BOI Report filing
- Bank account setup consulting (Wise, Mercury)
- Stripe setup consultation
Enterprise
Premium package with advanced services
- Certificate of Formation
- Articles of Organization
- Registered Agent Service (1 year)
- USA physical address
- Business tax consultation
- Complete incorporation documents
- Customizable business agreement template
- Lifetime compliance alerts
- Order priority processing
- Fast EIN (Tax ID) processing
- BOI Report filing
- Bank account setup consulting (Wise, Mercury)
- Stripe setup consultation
- DUNS number registration
Real Stories, Real Success
Discover how businesses like yours have transformed their operations and achieved their goals with our expert guidance. See what our clients have to say about their journey to success.
Iroshan De Zilva
"I've been freelancing for years and kept putting off the "make it official" step. The paperwork, the runaround, the fear of doing something wrong... Then I tried br.lk purely based on Thimira Madhusanka Thenuwara's recommendation. Got my LLC registered without the usual chaos. What made the difference was Ravindu. He hopped on a call every time I had a question, no matter how stupid, and made a process I was dreading feel like a 10 minute task. Most platforms hide their founder behind a support email. This one doesn't... If you're a freelancer or running a small studio in Sri Lanka, this is the move ✦"
gayan jayasooriya
Google Maps
"Highly recommend, very supportive team and they deliver their work on time. Thank you so much"
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Yasiru Udana
TrustPilot
"I highly recommend BR.LK! I had an excellent experience working with BR.LK to register my business as an LLC in the USA. Their team made the entire process seamless, handling everything from company formation to setting up my bank accounts, Stripe, and other essential services. Their expertise and efficiency saved me time and ensured that everything was done correctly from the start. The support was top-notch, and they were always available to answer any questions along the way. I highly recommend BR.LK!"
Musthaq Thasleem
"I had a fantastic experience with BR.LK! Their customer service was exceptional. Genuinely helpful at every step. As a non-resident entrepreneur, I needed reliable support to register my business, and BR.LK made the entire process smooth and stress-free. Thanks to them, I successfully registered my company Ketale Naturals (Pvt) Ltd, and I felt fully supported throughout — from paperwork to compliance guidance. They handled everything with professionalism and attention to detail. Highly recommended for anyone looking to register a US or UK company with confidence and clarity. BR.LK truly delivers on what they promise. — Ketale Naturals"
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Mohamed Zamry
"I registered companies in the US and UK with BR.LK, and the process was easy and fast. The team was helpful, professional, and knew exactly what I needed. I highly recommend them for anyone growing a business internationally."
Piyath Rajapakse
"As an independent singer expanding my music career internationally, I chose BR.LK to register my business in the UK — and I couldn’t be more satisfied. The team was friendly, professional, and walked me through every step with clear explanations, making the whole process simple and stress-free. Within a very short time, I had my UK company set up — ready to connect with global platforms and payment services. What I appreciate most is how BR.LK gives creative professionals like me the legal structure and flexibility needed to manage music business seamlessly, from royalties to merch and collaborations abroad. I highly recommend BR.LK to fellow creators and entrepreneurs looking to go global with confidence."
mahendra bandara
Google Maps
"Got my US LLC registered with BR.lk. Process is seamless and assisted me on every step along the way to setup other relevant platforms/services. Really appreciate the service."
Yasiru Udana
Google Maps
"I had an excellent experience working with BR.LK to register my business as an LLC in the USA. Their team made the entire process seamless, handling everything from company formation to setting up my bank accounts, Stripe, and other essential services. Their expertise and efficiency saved me time and ensured that everything was done correctly from the start. The support was top-notch, and they were always available to answer any questions along the way. I highly recommend BR.LK."
Mohamed Musthaq
Google Maps
"I had a fantastic experience with BR.LK! Their customer service was exceptional clear, and genuinely helpful at every step. As a non-resident entrepreneur, I needed reliable support to register my business, and BR.LK made the entire process smooth and stress-free. Thanks to them, I successfully registered my company Ketale Naturals (Pvt) Ltd, and I felt fully supported throughout — from paperwork to compliance guidance. They handled everything with professionalism and attention to detail. Highly recommended for anyone looking to register a US or UK company with confidence and clarity. BR.LK truly delivers on what they promise. — Ketale Naturals"
Gayan Jayasooriya
"I highly recommend BR.LK for their outstanding service. Ravindhu helped me set up my payment gateway and assisted in opening a U.S. business account, which has truly supported the growth of my business and expanded my opportunities. What I especially appreciate is that even after completing the main work and receiving payment, he never hesitates to help whenever I need further clarification or support. That level of commitment and professionalism is truly rare. Thank you, Ravindhu, for your reliable and continued support. I genuinely appreciate your service!"
Sivakumar Thasanthan
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Thimira Nirmal
"Had a great experience with BR.lk We registered our business within 10 min and they helped us setup wise, stripe and finalize everything within hours.. exceptions support from the team.. highly recommend for anyone looking to register their bussiness"
Ruchira Sachinthana
Google Maps
"I’ve had a wonderful experience with BR.lk. I’ve registered two companies through them, and they guided me clearly and professionally through each step of the process. Setting up my UK company registration was smooth, and with their help, I was also able to set up a Wise account and Stripe without any difficulty. Their customer experience is excellent, the team is friendly, responsive, and always ready to assist. I’m very happy with their service and highly recommend BR.lk to Sri Lankans who are planning to register their companies in the UK or USA."
Launch Your Business
Without Borders
Join thousands of Sri Lankan entrepreneurs who’ve taken their first step into global markets with BR.LK.
Register your US LLC or UK company seamlessly, unlock Stripe, PayPal, Wise, and international banking, and enjoy tax-friendly opportunities – empowering you to build a business that grows worldwide.
