Tax for S corp
Information on Tax for S corp
S corps offer limited liability and simple tax treatment. They’re pass-through entities which means the profits of the business pass through to the owners personal tax returns.
Before the advent of LLCs, using an S corp was the main way a business owner could limit his liability and also enjoy similar pass-through tax treatment to partnerships and sole proprietorships.
Many tax pros and attorneys argue that LLCs have largely replaced S corps because they offer they same liability protection and tax treatment but are easier to run.
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