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Minte · 09-17-2002, 10:58 AM

I am a "C" corp now..and am currently looking into Sub "S"

These are the major requirements for sub "S"

The corp must be a domestic corp,formed in the US
The corp cannot have more than 35 shareholders
The corp can only have individuals,estates, and or certain types of trusts as shareholders.
The corp cannot have shareholders who are not US citizens
The corp can only have one class of stock--(important)

The sub "S" is only advantageous if you want to use it as a write-off against profits from other investments.The shareholders of a sub "S" take the indivual losses against their own income statement.

09-17-2002, 10:58 AM
Minte Babemeister Industry Role: Join Date: Jun 2001 Location: Madison Posts: 7,081	I am a "C" corp now..and am currently looking into Sub "S" These are the major requirements for sub "S" The corp must be a domestic corp,formed in the US The corp cannot have more than 35 shareholders The corp can only have individuals,estates, and or certain types of trusts as shareholders. The corp cannot have shareholders who are not US citizens The corp can only have one class of stock--(important) The sub "S" is only advantageous if you want to use it as a write-off against profits from other investments.The shareholders of a sub "S" take the indivual losses against their own income statement. __________________ You might not be as anonymous as you think you are.