Your go-to guide to S corporations

Learning objectives

After completing this course, the learner should be able to:

Define an S corporation and the principal difference between an S corporation, a C corporation, and LLCs.

Identify the requirements to qualify as an S corporation—e.g., shareholder limits, capitalization, and disproportionate distributions.

Define the requirements to properly make the election to become an S corporation—e.g., calendar year elections, fiscal year corporations, and late elections and consents.

Identify special issues that need to be taken into consideration during the qualification process—e.g., trust as shareholders, tax-exempt shareholders, and state tax issues.

National Registry of CPE Sponsors

A Becker Professional Education is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

Becker Professional Education Sponsor I.D. Numbers NASBA: 107294, New York: 002087, New Jersey: 20CE00226700, Texas: 009580, Ohio: CPE.186, Illinois 158.002405, Pennsylvania: PX177823

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