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Forming an S Corporation - Step by Step Guide

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This is a step-by-step guide on how to form an S corporation. An S corporation offers a unique set of benefits that some businesses find extremely advantageous. Generally, S corporations do not pay any federal income taxes. However, the corporation's income or losses are divided among and passed through to its shareholders and the shareholders must report the income or losses on their own individual tax returns. This guide is ideal for small businesses that want to learn more about S corporations and their benefits and disadvantages.

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