There are several requirements a business must meet to qualify for S corporation status. First, the business must be a domestic corporation. Shareholders must be individuals, certain trusts and ...

To qualify as an S corporation, a business must meet specific requirements, such as being an eligible domestic corporation, limiting the number of shareholders to 100, and ensuring shareholders ...

S corporations do come with some downsides. For example, S corporations are subject to make of the same requirements corporations must follow, and that means higher legal and tax service costs.

Commissions do not affect our editors' opinions or evaluations. For businesses that qualify, electing S-corp or S corporation status could lead to important tax benefits. When people casually ...