Unlock the Potential of Pass-Through Corporations for Small Businesses

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 ... The majority of U.S. businesses are pass-through entities, which include S-corporations, limited liability companies (LLCs), partnerships, and ... Partnerships;; federal S corporations that have made the New Jersey S corporation election; and; Limited liability companies (LLCs). The entity ... If you company meets all these criteria, you can submit form 2553 with the IRS. As a pass through entity, S-Corps protect their owners from double taxation. One ... Pass-through taxation is a major benefit for Texas S-corporations. This tax structure allows business income to "pass through" directly to the shareholders, ... On the other hand, S Corporations (“S Corps”)—corporations taxed under Subchapter S of the Internal Revenue Code—and limited liability companies (“LLCs”) are ... Pass-through entities are remarkably diverse and account for a large majority of all businesses. They include sole proprietorships (owned by a ... Partnerships · S corporations; Limited Liability Companies (LLC) taxed as partnerships or S corporations; Disregarded Entities, such as single-member LLCs ( ... This designation allows the profits of the corporation to “pass through” the business onto the shareholders or owners. Accordingly, the profits ... 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 ...