The quickest way to apply is through your TUportal account or through Templeâs online application or via the Common Application. Applying costs $55 unless you qualify for a fee waiver (freshmen only).
The Advantages of S Corp. An S corporation is a unique corporate entity created by the rules of the Internal Revenue Code. Operating as an S corporation gives owners of the company legal and taxation benefits.ince an S corporation has a life separate from the owners of the business, the death or retirement of a shareholder will not stop an S corporation from continuing its operations. Other business entities such as a sole proprietorship end automatically if a business owner dies or decides to retire.
In determining whether to elect S-Corp status, these advantages and disadvantages must be carefully analyzed and weighed based on a company's specific situation. Unless an S-Corp election is made when a business incorporates a cooperation is automatically a regular corporation (C Corp.).In order to elect treatment as an S-Corp., there are certain eligibility requirements which much be met. (Please refer to table on page 3 for requirements).nless an S-Corp election is made when a business incorporates a cooperation is automatically a regular corporation (C Corp.). In order to elect treatment as an S-Corp., there are certain eligibility requirements which much be met. (Please refer to table on page 3 for requirements).