"S" Corporation Attorneys in Oklahoma

Corporations structured under subchapter S of Chapter 1 of the Internal Revenue Code (IRC) are known as “S” Corps. An “S” Corp is not subject to federal corporate taxation as long as it meets the qualifications and requirements set forth by the IRC. In general, a corporation under subchapter “S” must:

• Be a domestic corporation or a limited liability company
• Offer only one class of stock
• Have no more than 100 shareholders

Shareholders of an “S” Corp must be natural persons who are citizens or legal residents of the United States, and all profits and losses to shareholders accrue proportionately to each shareholder’s interest in the business.

The experienced corporate law attorneys at Tomlinson, Rust, McKinstry & Grable can advise you on whether forming an “S” Corp is in your best interest. We can also handle the details of incorporating your business under subchapter S, and keeping your “S” Corp compliant once you have incorporated your enterprise.