Everything you need to know about forming an S corporation or limited liability company This new Second Edition of How to Start Your Own S Corporation provides small business owners with the real facts about forming an S corporation. Newly updated, this one–of–a–kind guide tells you everything you need to know on the subject, with step–by–step guidance, savvy insider tips, and a wealth of hard–to–get information on S and every other type of corporation your business may qualify for. This Second Edition updates the many changes in income tax law since the original publication, including the expansion of the allowed number of stockholders, the new rule that S corporations can own subsidiary corporations, new rules for medical expense benefits, and new IRS rules for LLC classification. The Second Edition of How to Start Your Own S Corporation includes: •Up–to–date information on recent changes in tax law affecting S corporations, LLCs, and stockholder rules •The latest...