Question:
I want to look into a privately held corporation in the state of Florida so I need to know the difference. Thank you in advance.
Answers:
Unlike a regular C corporation, an S corporation generally pays no corporate income taxes on its profits. Instead, the shareholders in the S corporation pay income taxes on their proportionate shares, called distributive shares, of the S corporation's profits.
S Corps are generally smaller than C Corps. You have to have less than 100 shareholders to be considered an S Corp. S Corps are not double taxed like C Corps are.
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