An S corporation is a "pass-through" entity, meaning that it does not pay corporate income taxes. Instead, profits are taxed at the shareholder level. S corporations also have greater restrictions ...

Some key advantages include limited liability protection, the ability to raise capital by selling shares, and perpetual existence, meaning the corporation continues even if the owner leaves or dies.

In general, a corporation has all the legal rights of an individual, except for the right to vote and certain other limitations. Corporations are given the right to exist by the state that issues ...

A special form of corporation that allows the protection of limited liability but direct flow-through of profits and losses The S corporation is often more attractive to small-business owners than ...