Instead, profits and losses pass through to shareholders' personal tax returns, preventing the double taxation typical of C corporations. To qualify as an S corporation, a business must meet ...

When you’re starting a business, picking the right corporation type can feel like a big decision. It’s not just about the ...

This special tax status eliminates any possibility of ... In addition, S corporations cannot be owned by C corporations, other S corporations, many trusts, LLCs or partnerships.