legal  money


Question by  TonyHawk (16)

What are the tax advantages of a Sub S corporation?


Answer by  Liz59 (10966)

The tax advantages are that you can use llc. Most major corporations use this. On a large purchases and orders you may be exempt? Are you a sub s corporation? If so there are other tax exemptions you can be made aware of. And you can find out more on the web.


Answer by  olive8 (911)

The tax benefit of being a Sub S corporation is that you retain the same "pass through" benefits as a partnership. Thus, each share holder is responsible for his or her own taxes. There is no double taxation as with a C corporation.


Answer by  Att4372 (1704)

Profits made by an S corp are taxed at the rate of the individual owners rather than at the corporate tax rate of 35%. Individuals are usually in the 10, 15. 25, 28, or 33 percent tax brackets.

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