A common question for small business is: "What is an S-Corporation?" “S corporation” stands for “Subchapter S corporation”, sometimes “Small Business Corporation", and commonly referred to as "S-Corp". It’s a special tax status granted by the IRS that lets corporations pass their corporate income, credits and deductions through to their shareholders. This video will cover some general information on an S-Corporation so you can get an idea on whether it might be the right direction for you and your small business. What is the Corporate Veil? https://youtu.be/g91OkW8LMRw 0:00 What is an S-Corp? 0:11 Benefits of an S-Corp 0:30 How to Become an S-Corp 0:38 How an S-Corp Works ________________________________________________________________ Subscribe for more Legal Tips and General Advice: https://www.youtube.com/channel/UCplHCuXidRgwPiIVTtWNmGw?sub_confirmation=1 The atCause Law Office provides legal advice and services for Contract Review, Business Transactions, Trademark Protection and other legal matters in Pinellas Co., FL. For more information: ➤ Website: https://www.atcauselaw.com/ ➤ Facebook: https://www.facebook.com/atCAUSELawOffice