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Business Broker Russell Cohen Cell Phone: (954) 646-7651 Fax: (954) 449-7674 |
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For More Information Call: Russell Cohen Cell: (954) 646-7651 E-mail: Click Here |
Quick Tips [ Back to Quick Tips ]S vs. C Corporations
An "S" corporation can be very attractive business entity. Available to small companies (up to 35 shareholders, all of whom must be citizens or residents of the US, it provides the benefits of incorporation, while eliminating "double taxation" by giving you a pass-thru tax(passed-through to your personal return). Instead of being taxed at the corporate level, profits and losses are passed to your personal return. These extra tax advantages are not available to shareholders in a regular "C" corporation. But there are limitations to "S" corporations. They can only issue one class of stock, no corporate shareholders are allowed and all shareholders must be U.S citizens or taxpayers. Article submitted by Corpamerica,Inc Recommended Resources
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