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Sc Corporation Form

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[Music] foreign this week on the business owner's Corner I'd like to explain some of the basic tax benefits of having an S corporation you may have heard that an S corporation is a pass-through entity or that it's kind of a hybrid entity that has characteristics of Corporations and Partnerships and that it's a very convenient blend of the two all those things are accurate s-corporations are corporations themselves that have some of the legal benefits of incorporating on a state to state and National basis but from a tax perspective they're a little bit different the most common type of Corporation in big big companies I should say are C corporations and if you think of it this way it makes it a lot easier a C corporation has revenue from selling goods and services that comes in at the top of its income statement then it has a whole bunch of expenses and then it has profit left over on its prof

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