Forming an LLC or corporation to operate your construction company is generally a wise decision, because it protects your personal assets from business liabilities. Your income taxes may also be ...

This fifth installment of my multi-part series on Subchapter S is focused on married individuals who own shares of an S corporation. While the rules relating to shareholder eligibility seem ...

A reader sent in the following question to me recently in regards to Subchapter S corporations: “For some time now, I have been thinking about forming a limited liability company (LLC) for my small ...

The IRS has issued a private letter ruling on I.R.C. §§1361 and 1362 and Treas. Reg. §1.1361 granting inadvertent termination relief for an S corporation election that terminated when trusts ...

A corporation issues shares of stock to investors that represent ownership in the company. One of the benefits of the corporate entity is the ability to sell shares of stock to any person or entity ...

An S corporation may own a qualified subchapter S subsidiary (QSSS). A QSSS is a domestic corporation that is not an ineligible corporation (see Q 8966), if 100 percent of its stock is owned by the ...

If a QSSS ceases to meet the above requirements, it will be treated as a new corporation acquiring all assets and liabilities from the parent S corporation in exchange for its stock. If the ...