Business Formation & S-Corp Election

Entity Formation & S-Corp Election Colorado Springs

Complete LLC, Partnership, and Corporation formation services with EIN included. Expert S-Corporation election to maximize your tax savings and business growth potential.

4.9
Google Rating
40+
Years Operating
950+
Annual Returns

Complete Business Formation

Professional LLC, Partnership, and Corporation formation services including all state filings, EIN acquisition, and compliance documentation. We handle the entire process so you can focus on growing your business.

S-Corporation Tax Election

Maximize your tax savings with strategic S-Corp election. Our CPAs analyze your business income to determine optimal timing and structure, potentially saving thousands in self-employment taxes annually.

Ongoing Compliance Support

Beyond formation, we provide ongoing guidance for maintaining corporate compliance, annual filings, and strategic tax planning to ensure your business structure continues serving your goals effectively.

TRANSPARENT PRICING

L

LLC FORMATION

$300

Complete Limited Liability Company formation including state filing, EIN acquisition, operating agreement template, and compliance guidance.

Get Started
S

S-CORP ELECTION

$350

Strategic S-Corporation tax election filing with timing analysis, tax savings projection, and ongoing compliance guidance for optimal tax benefits.

Get Started

BUSINESS FORMATION BY THE NUMBERS

5.5M
New Business Applications Filed in 2024
Record-breaking year for entrepreneurship with highest formation numbers in 20 years
35%
Small Businesses Choose LLC Structure
Most popular business structure for flexibility and liability protection
34%
Business Applications Become Employers
One-third of formations result in job-creating businesses
15.3%
Self-Employment Tax Rate Saved
S-Corp election can eliminate this tax on business distributions

OUR PROCESS

1

Business Structure Consultation

We analyze your business goals, liability concerns, and tax situation to recommend the optimal entity structure for your specific needs.

2

Formation & Filing

Complete preparation and filing of all state formation documents, EIN application, and initial compliance setup for immediate business operations.

3

S-Corp Election Analysis

Strategic review of your income projections to determine optimal timing for S-Corporation election and projected tax savings benefits.

4

Ongoing Compliance Support

Guidance on maintaining corporate compliance, annual filings, payroll setup, and strategic tax planning for continued success.

WHAT'S INCLUDED

Business Formation Services

  • State filing and registration
  • Federal EIN acquisition
  • Operating Agreement (LLC) template
  • Corporate Bylaws (Corp) template
  • Initial compliance guidance
  • Business bank account requirements
  • Record-keeping setup advice

S-Corporation Election

  • Form 2553 preparation and filing
  • Tax savings analysis and projection
  • Optimal timing consultation
  • Payroll setup guidance
  • Reasonable salary determination
  • Distribution strategy advice

ENTITY OPTIONS

LLC

Limited Liability Company

Most popular structure offering liability protection, tax flexibility, and simplified compliance. Perfect for small businesses seeking protection without corporate complexity.

CORP

Corporation

Traditional corporate structure ideal for businesses planning to raise capital, issue stock, or expand significantly. Provides maximum liability protection and growth flexibility.

PART

Partnership

Business structure for multiple owners sharing profits, losses, and responsibilities. Includes General Partnerships and Limited Partnerships with varying liability exposure.

Ready to Launch Your Business with Professional Formation?Ready to Launch Your Business?

Join thousands of Colorado Springs entrepreneurs who trust Lockhart & Powell for expert business formation and tax optimization.Join entrepreneurs who trust us for business formation and tax optimization.

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