What are the Tax Advantages of S-corp?

Here are the Advantages of an S-corporation:

• An S corporation helps to protect your personal assets of the shareholders. In an S-Corp, a shareholder or individual is not responsible for the loss of the business or for paying any business debts.  
• You don't have to pay federal taxes at the corporate level. They can pass through the business loss or income to other shareholders who report on their income tax returns. It means any business loss apart from the income on the householders' tax return.
• The S corporation of shareholders gets salaries as employees and gets dividends from the corporation. Additionally, they also get a tax-free distribution, which is based on the extent of their investments in the corporation. A favorable distribution and salary help the owner and operator to lower the employment tax liability, resulting in more wages and paid wages deductions for the corporation. 
• In an S-corporation, you can ea transfer the ownership without any hurdles. There are no necessary rules for transferring the ownership.