There are some big things that can trigger the loss of the S Status such as having more than 100 shareholders, transferring stock to any entity that’s not a qualified shareholder such as C Corporation, certain ineligible trusts, partnerships or non-resident alien. Then there ar...
Tolu Osinowo, CPA
09.03.17 06:17 PM - Comment(s)
Just A Little About Business Entities:
A lot of the small business owners I’ve been meeting lately seem to already know the business entity they want for their existing or startup company (most want LLCs or S Corps). This knowledge may have been gained from the “grapevine” or through their own ...
Tolu Osinowo, CPA
20.02.17 02:45 PM - Comment(s)
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