S Corp

An S Corp is a single person corporation & is taxed differently than an LLC or an individual. One of the main incentives to doing business as an S-Corp is that all income under $75,000 is federally taxed at 15% , which (in 2019) is less than the federal tax rate if you make over $40,000 a year, but more than the federal tax rate, if you earn less than $40,000 a year.