Unleashing the Power of Pass-Through Corporations Company Success Stories

Eligible corporations, however, are permitted to make an election to be treated as an S corporation, which enables the shareholders to receive pass-through ... In a stock transaction for an S-corporation, the buyer acquires the ownership share of the company from the seller(s) and becomes the legal ... An S Corporation (S Corp) is a closely held corporation (Limited Liability Company (LLC), partnership, or C Corporation) that is treated as a pass-through ... S corporations file federal income taxes using Form 1120S, U.S. Income Tax Return for an S corporation. Each shareholder receives a Schedule K-1 ... S Corporations and Limited Liability Companies (LLC) both protect owners from personal liability for business debts and other liabilities. An S corp isn't technically a business structure — it's a tax classification. All businesses have the option of electing to be taxed as an S ... This large and growing category of U.S. business—which includes sole proprietorships, partnerships such as law firms, private equity companies, ... The main advantage of an S Corp is the pass-through taxation. When comparing an LLC vs. an S Corp in Florida, there are more tax advantages for ... On the other hand, S Corporations (“S Corps”)—corporations taxed under Subchapter S of the Internal Revenue Code—and limited liability companies (“LLCs”) are ... The Tax Cuts and Jobs Act gave birth to a new provision, Section 199A, which permits owners of sole proprietorships, S corporations or ...