“S” and “C” corporations are the same from a corporate law standpoint. The difference relates to tax treatment only. Any corporation that does not file an IRS Form 2553 (Subchapter “S” election) will be treated as a “C” corporation.
“S” and “C” corporations are the same from a corporate law standpoint. The difference relates to tax treatment only. Any corporation that does not file an IRS Form 2553 (Subchapter “S” election) will be treated as a “C” corporation.