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In an S corp, the Company doesn’t fork out tax on its gains, so They can be only taxed as individual shareholders. This will save homeowners within the double taxation that C corps typically experience. S corps are also topic to a little less frequent reporting, which can be a reward about a standard C corp tax classification. An S corp is subject to some extra scrutiny with the IRS, and it isn’t perfect for companies on the lookout for venture money money.
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