aa938750_s_PLLC__San_Antonio_and_Austin__4
[0] S Corp [1] State filing required. One or more owners, called shareholders. Restrictions on who can be an owner. [2] Perpetual [3] Shareholders are typically not personally liable for the debts of the corporation beyond the amount they invest in the corporation. [5] Managed by the directors, who are elected by the shareholders [6] No tax at the entity level. Income/loss is passed through to the shareholders [7] Yes [8] No [9] State filing fee required [10] Shares of stock may be sold to raise capital [11] Yes, but must observe IRS regulations on who can own stock [4] 
Board of directors, officers, annual meetings, and annual reporting required
Comparison of Business Entitites | Lamar & Associates PLLC, San Antonio and Austin
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