S Corporation Overview 

An S Corporation (also known as Subchapter S Corporation) is a unique business structure separate from its owners. Corporations allow owners to separate and protect their personal assets from the debts and obligations of the business. In a properly formed and structured S Corporation, a judgement against the business should not affect an owner's home, car, savings, or other personal assets.

Shareholders own a corporation. Shareholders appoint a board of directors to oversee corporate decisions and policies. Directors typically elect officers to manage an S Corporation's day-to-day affairs. Since an S Corporation has a perpetual existence, it does not dissolve if an owner dies or leaves the business.

Form your S Corporation online or contact a Business Specialist at 800-818-6082 (toll-free) or 302-636-5440.