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Enter your annual net income to see your personalized S-Corp tax savings estimate.
IRS requires “reasonable compensation”
*Distributions are not subject to self-employment tax but are subject to income tax. This calculator provides estimates only. Consult a tax professional for personalized advice.
From idea to legally formed business in days, not weeks.
Answer a few questions about your income, business type, and goals. We'll recommend the right entity structure for maximum savings.
LLC formation, S-Corp election, EIN filing, registered agent — all done for you. State fees shown upfront, no surprises.
Your dashboard tracks compliance deadlines, documents, and tax savings. See exactly how much you're keeping in your pocket.
One platform replaces your CPA, bookkeeper, and formation service.
See exactly how much you're saving compared to a sole proprietorship — updated live, not in a year-end report. Know your numbers every single day.
LLC formation, EIN filing, registered agent, and operating agreement — all handled end-to-end.
Transactions categorized in real-time, not in monthly batches. No more fixing your bookkeeper's mistakes.
Never miss an annual report, tax deadline, or state filing. Automated reminders keep you compliant without the stress.
Articles of organization, operating agreements, EIN letters — all stored securely and accessible from anywhere.
We obsess over the details others overlook.
| Hyloid | Collective | Lettuce | DIY + CPA | |
|---|---|---|---|---|
| LLC formation | Included | $349/mo+ | $299/mo+ | $200-500 |
| State fee markup | Zero — at cost | Bundled | Bundled | At cost |
| S-Corp election | $500-1,500 | |||
| Real-time bookkeeping | Monthly batch | Inaccurate* | Manual | |
| Tax savings dashboard | Basic | |||
| Transparent pricing | Partial | Varies | ||
| S-Corp pricing | $299/mo | $349/mo | $299/mo | $3-5K/yr |
No hidden fees. State filing costs shown upfront and passed through at cost.
For freelancers earning $40–79K
All plans include free formation. State filing fees passed through at cost.
“I was paying $4,200/year to a CPA for basic bookkeeping. Hyloid handles my LLC, S-Corp election, and tax optimization for less — and I can see exactly where every dollar goes.”
“Switching to an S-Corp through Hyloid was the best financial decision I've made. The onboarding took 10 minutes and the formation was approved in 4 days. Zero hidden fees.”
As a sole proprietor, you pay 15.3% self-employment tax on all net income. With an S-Corp, only your “reasonable salary” is taxed — distributions are exempt.
15.3% SE tax on ALL net income. At $120K, that's ~$16,956 in self-employment tax alone.
Only salary ($60K) is subject to payroll tax. Distributions ($60K) skip SE tax entirely.
~$8,478 saved annually. Hyloid handles the S-Corp election, payroll, and compliance automatically.
“I built Hyloid because I was tired of overpaying for business formation and getting nickel-and-dimed by hidden fees. Every solopreneur deserves transparent pricing and real tax savings.”