Publisher's Synopsis
The "S" corporation is the fastest growing type of new-business formation - it is subject to the lowest possible tax rates while offering protection from liability and other benefits of a regular corporation. This practical guide shows how to set up an "S" corporation or convert an existing corporation, proprietorship, or partnership to "S" status. The book describes how an "S" corporation functions, how to administer one, and how to take advantage of its special benefits. It also contains forms to convert your present corporation to an "S" corporation, maintain corporate records in full legal compliance, and protect yourself, your corporation, and other shareholders with essential agreements.
