Seven Deadly Legal Mistakes in Starting & Running S-Corp

Shield Your S-Corp From Costly Tax Traps, Compliance Errors, & Ownership Pitfalls — Without Going to Law School

By: Brett Bacon

Narrated by: Virtual Voice

Seven Deadly Legal Mistakes in Starting & Running S-Corp
Shield Your S-Corp From Costly Tax Traps, Compliance Errors, & Ownership Pitfalls - Without Going to Law School
by Brett Bacon, Esq. (licensed attorney with over 30 years of experience)

Forming an S-Corp often feels like the smart next step.
Your business is making money. Taxes feel heavier. Someone tells you an S-Corp will help you keep more of what you earn. It sounds simple. It sounds responsible.

And for some businesses, it works well.

But many owners form or run an S-Corp without fully understanding the rules that come with it. Those rules do not bend later when the business grows, changes, or comes under scrutiny.

This book is for small business owners who want to set up an S-Corp the right way, run it correctly, and avoid problems before they become costly.

It is not a tax manual.
It is not a checklist of IRS forms.
And it is not written for lawyers.

It is written in plain English for owners who want to understand what actually matters.

Inside this book, you will learn:

• How to set up an S-Corp so it actually works the way you expect

• What to know when starting an S-Corp step by step, before deadlines and paperwork lock in mistakes

• How S-Corp ownership rules quietly limit partners, investors, and future plans

• How to handle payroll and owner pay without attracting IRS trouble

• The real difference between owner salary vs. distributions, and why mixing them causes problems

• Which S-Corp rules matter most for small business owners

• Why selling, changing, or leaving an S-Corp is harder than many owners expect

Throughout the book, you will follow Sarah, a florist whose business grows in ordinary, realistic ways. She is not reckless or careless. She simply makes the same reasonable choices many owners make, without seeing how those choices interact with a structure that demands precision.

Each chapter focuses on one common mistake, explains how it plays out in real life, and shows how to avoid or fix the problem while options still exist. Every chapter ends with a clear to-do list you can use immediately.

This book is part of the bestselling Seven Deadly Legal Mistakes Series, which helps business owners understand where legal risk actually enters a business, quietly, early, and without bad intent.

If you are asking:

• Should I form an S-Corp?

• Am I paying myself the right way?

• Am I following the S-Corp rules that actually matter?

• Will this structure still work as my business grows?

This book is for you.

The goal is not perfection.
It is intention.

When owners understand the structure they have chosen, they keep control. When they do not, the structure slowly takes it away.

About the Author

Brett Bacon is a licensed attorney and entrepreneur with more than three decades of experience working at the intersection of law and business. He has advised business owners, executives, and founders on the legal realities of building, operating, buying, selling, and protecting closely held businesses under real-world conditions.