Filing taxes for your LLC as an S Corp allows an owner-operator to designate him- or herself as an employee of the LLC yet to still report the income of the business on their personal tax return. S ...

An S corporation is an election you make by filing Form 2553 with the Internal Revenue Service. If the IRS grants the election, you avoid the double taxation of C corporations (regular corporations.) ...

Changing a regular corporation, or C corporation, to an S corporation requires you to make a tax election with the Internal Revenue Service that places the corporation under the tax provisions of ...

If you’re looking to switch your business from an LLC to an S corporation, the first thing to understand is that an S corporation is not a separate entity. An S corporation is where you make an ...

Many entrepreneurs with a Limited Liability Company (LLC) or C Corporation find S Corporation tax treatment an attractive option. An S Corporation is not a business entity in and of itself, but rather ...

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. For many businesses, the best option is to file as a ...

S-corps and C-corps have very different pros and cons when it comes to taxes, formation and who the owners are. Many, or all, of the products featured on this page are from our advertising partners ...

Business entity type and tax structure impact your organization’s finance and compliance requirements. Two popular choices are limited liability companies (LLCs) and S-corps. Although the arrangements ...

Jessica Gibson is a content update editor and writer for Investopedia. She has over 10 years of experience in digital publishing and three years of experience covering financial topics like insurance, ...

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