However, being a pass-through entity doesn’t necessarily mean an S-corp is completely relieved of all tax obligations. They’re still required to pay certain taxes and file various tax forms.

This special tax status eliminates any possibility ... S corporations aren't without their advantages, however. One person can form an S corporation, while in a few states at least two people ...

C Corps: They file Form 1120, paying taxes on the corporation’s profits. Shareholders then report any dividends on their personal tax returns. Choosing between an S Corp and a C Corp isn’t ...

The S corp tax status can be obtained by filing Form 2553 with the IRS. How much does it cost to turn an LLC into an S Corp? A California Corporation, LLC, or Limited Partnership will be required to ...