45a894fa_cture_of_Your_Business___SCORE__2
[0] S Corporation [1] Complex to organize. [3] Many state and federal controls. [4] Shareholders divide profits. [5] Costly to discontinue [6] Shareholders generally not liable. [7] Shareholders taxed on corporate profits. [8] Expanded ability to raise capital. [2] 
Authority is with the Board of Directors.
Choosing the Legal Structure of Your Business | SCORE
2