Start a new Business in Hamilton Heights ,NY 10039

Start a new Business in Hamilton Heights, NY 10039

S-Corp

An S corporation also referred to as an S subchapter, denotes a kind of corporation that meets specific tax income Code requirements. These requirements provide a corporation with 100 shareholders or less the advantage of incorporation while being taxed as a partnership. S-Corps have the benefit to pass income to shareholders directly in order to overcome the double taxation issues.



Requirements:

To obtain an S corporation status, a business has to meet certain IRS requirements. These qualifications include:

· Being incorporated domestically (within the U.S.)

· Having only one class of stock

· Not having more than 100 shareholders

· Have shareholders who meet certain eligibility requirements

Specifically, S corporation shareholders must be individuals, specific trusts and estates, or certain tax-exempt organizations (501(c) (3)). Partnerships, corporations, and nonresident aliens cannot qualify as eligible shareholders.

                                   COMPANY: Shah Accounting Services Inc

                            LOCATION: 73 E 130th St New York, NY 10037 United States

 CALL US (646) 960-9196

                                                           

   MARKETING TEAM DIGI ERA PRO

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