Subchapter S Corporation

An S corporation is a regular corporation that has elected “S corporation” tax status. Forming an S corporation lets you enjoy the limited liability of a corporate shareholder but pay income taxes as if you were a sole proprietor or a partner; all business profits “pass through” to the owners, who report them on their personal tax returns.

The S corporation itself does not pay any income tax, although an S corporation with more than one owner must file an informational tax return, like a partnership or LLC, to report each shareholder’s portion of the corporate income.

For more information on S Corporations call us at 503.222.9057 or contact us online today.