Instant answers. What can we help you with?
What are the Advantages of an S Corporation?
Limited Personal Liability
- This limits the liability of the owners/investors to only the amount of their investment. The owners of a corporation are not personally liable for business debts, claims, or other liabilities.
- The existence of a corporation is considered perpetual, although it can be terminated voluntarily by its owners (shareholders).
Better fringe benefits
- While all business entities can provide fringe benefits to its owners and/or employees, the C Corporation allows for a greater range of benefits.
- The S Corporation does not have a separate tax status from its owners (shareholders). Instead, the income is allocated to the personal income proportional to his or her ownership interest.
More Answers to Your Questions
How Our Service Works
Take a moment to view our instructional video and see how easy it can be to get your business incorporated.
Helpful Tools for Decision Making
Select your business type to see how Incfile can work for you.