What is an adversary proceeding?
June 22, 2017
What is a stay of creditor actions and when is it in effect?
June 22, 2017
Show all

What is a S Corp?

Our Professional Answer:

An S Corp, like a corporation, allows you to do business in an entity and protects you typically from liability that the entity could cause. An S Corp means that the taxability of the income goes directly on to your personal taxes unlike a C Corp were the taxes are paid by the corporation directly. You should talk to an attorney about which of this forms is best for the kind of business you want to open.