S-Corps are the closest alternative to a company that faces double taxation, but they have many restrictions. - Be a domestic corporation - Have only all

S-Corps are the closest alternative to a company that faces double taxation, but they have many restrictions. - Be a domestic corporation - Have only allowable shareholders - May be individuals, certain trusts, and estates and - May not be partnerships, corporations or non-resident alien shareholders - Have no more than 100 shareholders - Have only one class of stock - Not be an ineligible corporation (i.e. certain financial institutions, insurance companies, and domestic international sales corporations). https://www.irs.gov/businesses/small-businesses-self-employed/s-corporations https://www.irs.gov/businesses/small-businesses-self-employe...