(702) 587-5652 vickig@silentgconsulting.com

While a corporation is a genre of business entity, an S-Corp business is a tax appointment available to specific corporations and LLCs. S-corps are specified from the subdivision of the Internal Revenue Code “S” under which the tax designation is explained. The most prominent characteristic of an S-corp is its ostensible “pass-through” tax structure.

S-Corp Tax Structure

The IRS defines S-corps as corporations that, “pass corporate income, losses, deductions, and credits through to shareholders for federal tax purposes.” In layman’s terms, S-corps are not required to pay federal corporate income tax. Alternatively, earnings from dividends is taxed only at the single level under whatever marginal income tax rate appertains. This additionally means shareholders who meet specific standards are able to offset corporate squandering with income from other sources on personal income statements.

Forming your S Corporation doesn’t have to be difficult or time-consuming task, with the help of Vicki Greco and Nevada Small Business Consulting. We incorporate your S Corporation by preparing all necessary documents and filing them directly with the Secretary of State. Nevada Small Business Consulting will help you establish your new S-Corp business the right way, saving you time and additional expenditures by circumventing costly errors.

Allow Nevada Small Business Consulting to handle your business filings while you focus on developing your business. Contact Vicki Greco today at (702) 587-5652 to schedule a quick no-cost quote! You can click the following link to view our 5-star Google Reviews.