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An S-Corp is a structure of business that allows small businesses to pass their deductions, incomes, and credits to the shareholders directly, avoiding any federal corporate tax with full liability protection. An S-Corp provides many benefits if we compare it to a C-Corp
Here are a few requirements for an S Corp that you should meet:
An S corporation is also known as the S subchapter, which is a type of legal business structure in small businesses. An S corporation can only have 100 shareholders.
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Given below are some of the advantages of an S Corporation: