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Business & Corporations FAQs

  • Q: What are the advantages to a Corporation? 1 Star Rating
    A: There are several advantages to organizing your business as a formal corporation. A corporation is a separate legal entity that is distinct from its individual … More
  • Q: What are the advantages to a Sole Proprietorship?
    A: A sole proprietorship is a business that is owned by an individual and that is not formed pursuant to any special legal construct, such as a limited liability … More
  • Q: What is an S Corporation?
    A: There are several different types of corporations from which business owners can choose when they initially set up their business. One type of corporation is an … More
  • Q: What is a C Corporation?
    A: A C corporation is the most common type of corporation. The “C” refers to the subchapter of the Internal Revenue Code which explains the rules of … More

Basic Features of an S Corporation

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