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Not all states tax S corps equally, but most realize them the identical way the federal govt does and tax the shareholders appropriately.
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An S corporation, from time to time referred to as an S corp, is really a Particular form of corporation that's designed to avoid the double taxation drawback of normal C corps.
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Corporations have a very impartial life independent from its shareholders. If a shareholder leaves the corporation or sells her or his shares, the C corp can carry on accomplishing business comparatively undisturbed.
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