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  When a new business is deciding what type of entity to choose for formation, some may consider forming an S corporation due to its specific tax advantages. Unlike other types of business structures, the profits and losses from an S corporation can pass through the business to the shareholder’s personal income tax return, meaning […]

  A corporation is a legal entity used by many businesses in California. It is owned by its shareholders and managed by a board of directors who set policy and appoint individuals to manage the day-to-day affairs. Most corporations pay taxes on earnings. Shareholders also pay individual income taxes on dividends received. One of the […]