Get the Facts about S Corporations
S Corporations get their name from a unique section of the Internal Revenue Service (IRS) code. A corporation can eliminate the disadvantage of double taxation of corporate income and shareholder dividends by applying for S Corporation status. Owners report profit and loss on their individual tax returns. They still have the opportunity to separate and protect their personal assets from judgments against the business.
Start Protecting Your Assets Now
The Company Corporation can help you form your new S Corporation in any state or the District of Columbia. Call us today to incorporate, or form an S corporation online. Please note that we do not complete or file the Subchapter S application with the IRS, but our complete formation package does include the required form (2553).
How Can You Benefit From an S Corporation?
- Limited liability for directors, officers, shareholders, and employees
- Owners can report their share of profit and loss on their individual tax returns
- Attract investors through the sale of shares of stock
- Perpetual existence, even if an owner leaves the business
To view some restrictions for an S Corporation and compare it to other types companies, check out our Business Comparison Chart. 
Not Ready to Incorporate Yet?
- Try our Business Startup Wizard to learn what others in your state and industry have done.
- Download our Free 10-Step Business Formation Guide.
- Get more details about forming a corporation or LLC in our Small Business Resources, or check out another service.
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