S Corporation

S corporation is a corporation that elects to pass corporate income, losses, deductions, and credits through to their shareholders for federal tax purposes. Shareholders of S corporations then report the flow-through of income and losses on their personal tax returns and are assessed tax at their individual income tax rates. This allows S corporations to avoid double taxation on the corporate income.

Here’s an overview of a S corporation:

Must file for IRS Subchapter S Status

Pass-through tax treatment

Maximum of 100 shareholders

All shareholders must be US residents

Investors can write off early losses

Limited to one class of stock

Shareholders cannot be affiliated with any other companies

Avoids double taxation on dividends

Cannot own or manage large blocks of affiliated companies

The difference between LLC and a Corporation

Why Choose ClienTax
To Help You Incorporate Your S-Corporation?

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Business Protection & Guidance

ClienTax offers complimentary, one on one consultation with one of our experts to help you determine the best business structure from launch

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Experienced

You deal directly with highly knowledgeable CPAs

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Affordable

We charge only $75 per entity in addition to any government fees needed to incorporate a S-Corp

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Highly Reputed

Great reputation on Angies List, Yelp, Google & Thumbtack

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Thorough & Accurate

We help you take care of all the paperwork and can generally have the entity created in 2-3 business days

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Satisfaction Guaranteed

If you are not completely satisfied, we will refund any non-government processing fees

*time begins once all the pertinent and requested materials has been received

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