Organizing a corporation as an S Corporation results in a single level of taxation.

Name: Organizing a corporation as an S Corporation results in a single level of taxation.
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Organizing a corporation as an S Corporation allows the profits and losses to flow through to the shareholders' personal tax returns, resulting in a single level of taxation. This means that the corporation itself does not pay federal income taxes, only its shareholders do.

Organizing a Corporation as an S Corporation Results in a Single