What is an S Corporation

Back

What is a Corporation? What is a Partnership? What is a Sole Proprietorship? What is an LLC? What is an LLP? What is an S Corporation? Back to Business Law

Business Law What is a Corporation? What is a Partnership? What is a Sole Proprietorship? What is an LLC? What is an LLP? What is an S Corporation?

What is an S Corporation?

An S corporation is a corporation with shareholders, officers and a board of directors who have joined together to transact business.

The main difference between an S corporation and an ordinary corporation is that the S corporation is not a taxpaying entity. The income from the S corporation flows through to the individual owners (shareholders), and the individual owners are responsible for reporting on their individual income tax returns the income made by the S corporation.

The information you obtain at this website is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. We ask you to contact us by telephone, letter or electronic mail. However, contacting us does not create an attorney-client relationship. Please do not send us any confidential information until requested.