Can an S corp be digital?
I am an entrepreneur who is exploring different business entities to use for my new venture. I have heard that an S corp can be a beneficial option, but I am unsure if a digital S corp is possible. I have been researching online, but I am not sure what the legal requirements and implications would be for creating a digital S corp.
1 Attorney answer
There is no such thing as a digital S corporation. An S corporation is simply a corporation which makes an election to be taxed as a partnership.