S Corporation


A form of corporation, allowed by the IRS for most companies with 75 or fewer shareholders, which enables the company to enjoy the benefits of incorporation but be taxed as if it were a partnership. also called Subchapter S Corporation.

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You may want to try and figure out a way to use an S corporation to your advantage to get more profits.

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We decided to expand the new company and grow, first we became an S corporation for the outstanding tax benefits.

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My brother decided to incorporate his new startup as an S Corporation to allow him to bring in new investors at a low tax rate.

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1120-W Form 1120-S Form Schedule M-3