Wondering what an S corp is? Surprise. It’s all about the taxes. Check out our S corp guide for all the details.

Not every corporation is eligible for S corp status. Companies wishing to file as an S corp must meet the following requirements: Have 100 or fewer shareholders. Have only allowable shareholders ...

An S corporation may revoke its subchapter S status by either failing to meet the conditions of eligibility for S corporations, or by filing with the IRS no later than two months and 15 days after ...

If you elect to have your LLC taxed as a corporation, you’ll file Form 1120 if it is a C corporation or Form 1120-S if it is ...

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Erin Gobler is a personal finance coach and a writer with over decade of ...

How much does it cost to maintain an S Corp? There will be a filing fee in each state. It may be a set fee, and it may be calculated based on the number of shares authorized. There is usually a filing ...

The LLC must file Form 2553 to elect to be treated as an S Corporation for federal income tax purposes. As an S Corporation, an LLC remains a pass-through entity, thus retaining a simplified tax ...

In addition to Forbes Advisor, she's published ... To form an LLC in Delaware, you must submit a Certificate of Formation to the Delaware Division of Corporations. The filing fee is $90.