Tag Archive: S Corporation ELections

March 16 is the deadline for making an S corporation election

Written by March 4, 2015

If you own a small business, you have until March 16, 2015, to choose S corporation status for this year. In order to become an S corporation, you’ll need the unanimous approval of all shareholders. The principal advantage of an S corporation is that you avoid paying double taxes. In a traditional C corporation, profits are taxed at the corporate...