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The Difference Between a C Corporation and a Subchapter S Corporation

This article is original content written by Thomas Scanlon, CPA, CFP® of Manchester, CT.   Business owners can maintain their corporation as a regular or “C” Corporation. Alternatively, if they are eligible, they may want to make a Subchapter S Election.


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Why a Growing Business Should Elect Subchapter S Filing Status

The primary reason to make the Subchapter S filing status election is to have a single federal income tax when the business is eventually sold.  If the corporation is not an S corporation and the company assets are sold, there


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