New Jersey Business Planning Attorneys
Business Law Solutions for S Corporations
An S corporation (S corp) is a business entity that offers tax benefits and other advantages to its owners. If you need legal assistance with the formation or operation of an S-corporation, the attorneys at Markowitz Gravelle, LLP, are here to help. We provide experienced corporate law representation to clients from Trenton, Lawrenceville, Mercer County, Middlesex County, Burlington County and throughout New Jersey.
Contact us today online or by telephone at 866-437-1189 to speak with an experienced Trenton S corporation formation lawyer.
S Corporation Eligibility
One of the key benefits in establishing an S corporation is the tax status with the IRS. In an S-corporation, all profits and losses are passed directly to the owners and therefore are not taxed twice, as in a C corporation.
In order to qualify for S corporation status, a corporation must:
- Be an eligible entity with no more than 100 shareholders
- All shareholders must be U.S. citizens or residents
- The corporation must have only one type of stock
- Profit and loss must be distributed based on percentage of each shareholder's interest in the business
Our attorneys can help you understand if you qualify for S corporation status, and if so, guide you through the legal steps of business incorporation. We can help you understand the advantages and disadvantages of an S corporation compared to a limited liability company (LLC) or other business entity. We work with small and large corporations throughout New Jersey.
Contact Us · New Jersey S Corporation Formation Attorney
If you need help establishing an S-corporation, we are here to protect your interests. Contact us today online or by telephone at 866-437-1189 to speak with an experienced Lawrenceville, New Jersey, business law attorney.
