The choice between a Limited Liability Company (LLC), S-Corporation (S-Corp), or Sole Proprietorship can significantly impact your business's tax obligations, liability, and operational flexibility.

There isn’t a simple guide to follow because an LLC can take many different forms. Luckily, there are some aspects that every ...

One method that is gaining traction is the S corporation election. This strategy has the potential to help business owners alleviate employment taxes and foster financial success. The concept of ...

A special form of corporation that allows the protection of limited liability but direct flow-through of profits and losses The S corporation is often more attractive to small-business owners than ...

The first thing Levine made clear to readers is that an S-corporation, or S-corp, is a tax construct that can be applied to preexisting businesses but cannot be created on its own. “You can’t ...

The Tax Adviser—the magazine of planning, trends, and techniques—reports and explains federal tax issues to tax practitioners.

To qualify as an S corporation, a business must meet specific requirements, such as being an eligible domestic corporation, limiting the number of shareholders to 100, and ensuring shareholders ...