What is an S-Corporation?
An S-Corp election is a process that changes your tax status with the Internal Revenue Service (IRS). It does not change the actual entity structure of your company. An S-Corp election can be made by either a Florida corporation or a Florida LLC. An S-Corp election can have significant impact on how your Florida business is taxed.
Below, you’ll find an overview of the most important details you’ll need to know about the S-Corp election for a Florida business.