Is an S Corporation Election Right for Your Business? An S corporation is a tax election that changes how your business’s profits are treated. Instead of paying self-employment tax on your net income, you pay yourself a salary through...
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Different Business Setups The most common business structures include sole proprietorships, partnerships, C corporations and S corporations. Limited liability companies, known as LLCs, are also widely used and are created under state law. Every option comes with different legal...