Find news, events, articles, videos, and more that answer your questions and keep you up-to-date.
Visit Resource Center
Stay informed on compliance updates
S Corporations, or s corps, combine pass-through taxation with the ability to structure compensation, which allows the business owner to enjoy credibility and protections without being subject to the same tax rules as mega-corporations. See the latest industry news and updates related to S Corporations.
Asset protection, pass-through taxation and ability to pay salaries to the owners are among the S corporation advantages. But, there are disadvantages, as well. These include strict qualification requirements and corporate formalities. S corporation is a term that comes up whenever a business owner seeks advice regarding how to structure the business. Many people have strong views on which is better—an S corporation or an LLC. The fact is that there is not a single perfect choice. The best choice depends on the type of business, the plans for the business and the short- and long-term goals of the owners. This article will help you understand the advantages and disadvantages of an S corporation, which is an important first step in determining if the S corp is the right option for your company. While there are many similarities across all the states, each state is slightly different. It is important to consult with a business professional that knows the ins and outs of each state’s laws.
Are you considering electing S corporation status for your California corporation? Learn about the unique obligations that California imposes on S corporations.
Learn about forming and operating an S Corporation.
S Corporations can offer significant advantages to the business owners. Learn more about operating as an S corporation.
Learn about IRS tax treatment of S Corporations, S Corp restrictions and making the S Corp election.