Tax Advantages of the S-Corporation

Many people always talk about the tax advantages of the S-Corp versus a traditional C-Corporation or other entities as an LLC, or LLP. In general, the S-Corp is a corporation designed for small to mid-tier businesses who do not have to deal with the tax and accounting complications of a C-Corporation as avoiding the risk of double taxation, declaring dividends, additional taxation on excessive executive salaries, etc. combined with the corporate protection separating the business assets from your personal assets, just like a traditional C-Corporation. So, how does an S-Corp work? […]