There are several requirements a business must meet to qualify for S corporation status. First, the business must be a domestic corporation. Shareholders must be individuals, certain trusts and ...

To qualify as an S corporation, a business must meet specific requirements, such as being an eligible domestic corporation, limiting the number of shareholders to 100, and ensuring shareholders ...

Many banks have elected to be “S Corporations” for tax purposes. This status can provide significant tax benefits to the bank’s shareholders, but ...