Types of Business Entities | S Corporations

Posted by Rick J. Alfera, CPA, MST, PFS on Jul 17, 2017 4:48:18 PM

  Previously in this blog series, we discussed
sole proprietorships, partnerships, LLCs, and Corporations, and areas to consider when deciding on a business structure (read our first post in this series for more detail regarding these areas). In this post we'll be discussing S corporations.

What is an S Corporation?

A Subchapter S (S Corporation or S Corp.) is a form of corporation that meets specific Internal Revenue Code 1361 requirements, giving a corporation with 100 shareholders or less the benefit of incorporation while being a pass-through entity.  S corporations pass income directly to shareholders and avoid double taxation on the dividends of corporations, while still enjoying the advantages of the corporate structure. 

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Topics: Different Types if Business Entities, Structuring Your Business, S Corporations

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