Tag Archives: “s corporation”

How Will Proposed New Taxes On S Corporation Shareholders Affect Startup Technology Companies?

By Joe Wallin and Brian Todd As we’ve blogged about before, there is a tax planning opportunity available with S corporations that is not available with limited liability companies taxed as partnerships (LLCs). With an S corporation you may be … Continue reading

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IRS Confirms That LLCs That Check The Box Can Immediately Become S Corporations

“When X, an entity classified as a partnership for federal tax purposes, elects under § 301.7701-3(c)(1)(i) to be classified as an association for federal tax purposes, the following steps are deemed to occur: X contributes all of its assets and liabilities to the … Continue reading

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Can An S Corporation Have Voting and Non-Voting Stock?

S corporations may only have one class of stock.  However, “[d]ifferences in voting rights among shares of stock of a corporation are disregarded in determining whether a corporation has more than one class of stock.”   Thus, an S corporation … Continue reading

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S Corporation or LLC?

For founders who want a pass through company for tax purposes, which is better–an S corporation or a limited liability company? Continue reading

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