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Overview of S Corporation Ownership Structures An S corporation is structured to pass income, losses, deductions, and credits through to shareholders, avoiding double taxation. However, it has specific restrictions on ownership and subsidiary relationships. Rules and Exceptions for S Corporation Ownership An S corporation cannot have partnerships, corporations, or non-resident alien shareholders. An exception exists … Read more

How Consultants Determine Fees and Salaries Consultants receive an agreed upon fee for work completed by a specified date. They determine project fees by estimating hours to complete the project, multiplied by their hourly rate. Consulting salaries vary. Employees of firms draw a salary, paid monthly or biweekly. Rates depend on experience, skills, and type … Read more