Thursday, August 6, 2009

S Corp Eligibility - Advantages and Disadvantages

For many corporations, the most important tax decision hinges on whether or not to elect to be treated under the provisions of sub-chapter S of the Internal Revenue Code. The choice concerning S-Corporations (S-Corp. status is often a complex one that is fraught with significant tax implications. As with many tax decisions, there are both potential advantages and disadvantages in choosing to be treated as an S-Corp.

Read article here
http://www.morebusiness.com/running_your_business/taxtalk/scorp.brc