Sheehan & Associates, P.L.C.

June 2019 Archives

Sub-S corporations: What are they and why have one?

A Subchapter S (Sub-S) corporation is a type of business that meets specific requirements laid out by the Internal Revenue Service (IRS). In essence, it allows small companies with a limited number of shareholders (under 100) to enjoy the benefits of incorporating while still keeping the same tax rate as a partnership.

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Sheehan & Associates, P.L.C.
1460 Walton Blvd , Suite 102
Rochester Hills, MI 48309

Toll Free: 877-600-7891
Phone: 248-218-1473
Fax: 248-650-5368
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