S Corporations: Reformed for 2007

摘要

The S corporation, offers its owners or shareholders the limited liability of a corporation while allowing income and deductions to pass-through to the tax returns of the owners or shareholders. Imagine the liability protection of a corporation and the pass-through tax benefits of a partnership in one entity for your tree care business. A unique type of business entity, the S corporation, offers its owners or shareholders the limited liability of a corporation while allowing income and deductions topass-through to the tax returns of the owners or shareholders. Even better, our lawmakers recently "reformed" the S corporation tax rules making these entities more attractive than ever.