S Corporation

S Corporation

What is it?

S corps are corporations that have elected a special tax status with the IRS. S corporations provide the same limited liability to owners (also known as shareholders) as C Corporations. The owners typically are not personally responsible for business debts and liabilities; however, S corporations have pass-through taxation. S Corporations do not pay tax at the business level, they file an informational tax return but business income and business loss are reported on the owners personal tax returns, and any tax due is paid at the individual level.

To facilitate the formation of a S corporation, please fill out and return to us the Corporation Order Form.

Please call our offices on 800-426-2327 or email us for assistance.

The information contained on this web site is for general information purposes only, is not intended as legal advice and may not apply to your particular situation. If you require legal advice regarding a Delaware entity we will be happy to refer you to an attorney familiar with Delaware law.

We recommend that you consult your attorney or accountant if you have specific goals or hope to achieve specific tax results.

Read about the Management of a S Corporation