S Corps: What You NEED To Know image

Let me start off by saying we don't provide legal or accounting advice on the internet or directly to clients. That being said, we're in meetings frequently where we learn interesting facts and strategies that may help other clients and contacts we work with. Please check with your attorney since they might recommend an LLC, S Corp, LLP or C Corp depending on your specific situation. Also, there may be tax law changes coming in the near future. For now though, these are the key points with S Corps. What is an S Corp? An S corporation is a special type of corporation created through an IRS tax election. An eligible domestic corporation can avoid double taxation by electing to be treated ...
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