Financial Samurai - Forums

Career => Entrepreneurship / Side Hustles => Topic started by: PandaAtlanta on November 10, 2018, 01:47:03 PM

Title: Solopreneurs operating as an S-Corporation
Post by: PandaAtlanta on November 10, 2018, 01:47:03 PM
Started this thread for Solo-preneurs operating as an S-Corporations.

Just curious if you handle your bookkeeping yourself or hand off this task to your CPA? Do all of you use Quickbook onlines? What are some of the challenges you are facing operating as an Solo S-Corp? Let's share and support each other.

Here are some interesting stats:

There are 28 million small business in the United States, whereas 23 million are Solo S-Corps.

(Blue) -      1,861,656  generate between $100,000 - $249,999 in Gross Revenue
(Bronze)     584,586     generate between $250,000 - $499,999 in Gross Revenue
(Silver)       258,148     generate between $500,000 - $999,999 in Gross Revenue
(Gold)         35,584       generate between $1,000,000 - $2,499,999 in Gross Revenue
(Platinum)   2090          generate between $2,499,999 - $4,999,999 in Gross Revenue
(Diamond)   355           generate over $5,000,000 in Gross Revenue

If you are a Solo S-Corp? What level of business are you currently operating?