1590 Westbrook Plaza Drive, Suite 203
Winston-Salem, NC 27103
S-Corporations are kind of like a less formal version of C-corporations.
S-Corporations provide investment opportunities and that coveted limited
liability protection. But, unlike a C-Corporation, S-Corporations only have to file
taxes annually and they are not subject to double taxation. Is an S-Corporation
the right entity type for you? This is a great question to explore when starting a
business, or changing the structure of your existing business, because of the
difference in taxes, the number of shareholders and asset protection.
The S-Corporation is perhaps one of the most popular business entities that we form.
The S-Corporation may have up to 100 shareholders but it may only be owned by
individuals. The advantages of the S-Corporation are as follows:
The S-Corporation is easy to form.
Provides limited liability in that the individual owners are only liable up to the
amount of their investment.
The S-Corporation provides a means for passing ownership in a business to
The S-Corporation does not pay tax.
The individual owners may take part of the company profits as dividends instead
of receiving all of their monies as income, bypassing the social security tax of
15.3% on those dividend distributions.
We can advise you in the formation and review of
corporations, and can help you make sure you are getting all
the possible benefits from your corporation.
Proper formation and management of an
S-Corporation can ensure you maintain
the proper tax benefits and limited liability.
Contact Ingersoll Firm if you need help establishing or
maintaining an S-Corporation. We have the expertise to
keep you in compliance while maximizing your benefits.