The Business Blog

S corporation is a shortened term for Subchapter S Corporation or called sometimes as Small Business Corporation. As a matter of fact, this is an IRS granted special tax designation which is permitting the business to pass its corporate income, deductions as well as credits to the shareholders....

Defining Corporation A corporation is basically a legal organization composed of material resource and personnel. The state also has to charter the corporation in order to conduct business. The ones who own corporations are called shareholders. You should also know that the board of directors...

People have been using corporations for decades in order to limit the owner’s liability and allow them to take greater risks and to encourage investment. The very reason why people still continue to do this up to this date. There are two types of corporations that you will frequently hear about...