How to Start Your Business The Right Way: A Subchapter's Incorporation

The S corporation is the fastest growing type of new-business formation--it is subject to the lowest possible tax rates while offering protection from liability and other benefits of a regular corporation. This practical guide shows how to set up an S corporation or convert an existing corporation, proprietorship, or partnership to ``S'' status. Describes how an S corporation functions, how to administer one, and how to take advantage of its special benefits. Contains forms to convert your present corporation to an S corporation, maintain corporate records in full legal compliance, and protect yourself, your corporation, and other shareholders with essential agreements.