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S Corporations

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  Monthly Newsletter Some helpful insight - A monthly newsletter form Robert Reinert Consulting   “S” Corporations What is an "S" Corporation? When you establish your business operations you must consider what legal structure your business will be. Considerations should include: limited liability from law suits of customers and associates, limiting the amount of taxes you pay on business income, and how you define the allocation of ownership and allocation of profits. An "S" corporation provides the best answer to all of these questions for a small business owner because it provides limited liability of a corporation, it saves owners from double taxation as is the case with a regular "C" corporation, and it allows ownership and profit allocation through the issuance of stock. What is the advantage from other structures? "S" corporations do file tax returns but do not pay income tax. The taxes are assessed on the owners' share of the profits a