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<p>An S corporation is an IRS term. Every corporation starts as a C corporation. The IRS allows you to file a form 2553 which allows all income and expenses to flow individually to shareholders based upon their ownership percentage via a K-1.<br /> To qualify for a S election all shareholders mus be US citizens or resident aliens, there must be less than 75 shareholders and all shareholders must agree.</p> <h3>About Ask Brien</h3> <p><em>Ask Brien is a business community where business owners can ask other business owners questions and receive responses. We at <a href="http://Askbrien.com" rel="nofollow">Askbrien.com</a> are focused solely on business. We don’t discuss anything but business on our site. Every business question is important to the person or entity asking. Ask Brien and the <a href="http://www.hometownstation.com/hts-podcasts/ask-brien" target="_blank" rel="nofollow">Ask Brien Radio Show</a> are great resources for you to obtain information to common questions such as: Should I incorporate? What is a registered trademark? Do I need a domain? What’s web-hosting? Why do I need a website? How can I create an iPhone app and Android app? Am I paying too much in merchant fees? How do I get traffic to my website? Ask Brien is here to help you grow your company into a successful business.</em></p>

An S corporation is an IRS term. Every corporation starts as a C corporation. The IRS allows you to file a form 2553 which allows all income and expenses to flow individually to shareholders based upon...

March 22, 2018

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