An S corp and C corp share a number of similarities. They are both types of corporations recognized by the IRS. They can also both raise funds by issuing stock to shareholders. However, S corps are ...

An S corp is an organization that has chosen to pass its tax burden to its shareholders, rather than report income, losses, deductions and credits directly to the Internal Revenue Service (IRS).

An S corporation, or S-corp, can be a smart way for business owners to structure their businesses to maximize tax deductions and avoid double taxation. In an S corporation, income, losses, deductions, ...