What is an S Corporation?
- November 20, 2017
What is an S Corporation? An S corporation, also known as an S corp, is a corporation that, if eligible, can avoid double taxation, by filing through a special tax election with the IRS. Profits and losses can be passed through the personal tax returns of the shareholders, rather than on the business.
If you have questions about starting a business or need an attorney, contact Stenger, Glass, Hagstrom, Lindars & Iuele LLP today. We have two convenient office locations in Poughkeepsie, NY and Wappingers Falls, NY.