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Filing fees range from approximately $300 to $900, and legal fees range from approximately $1,000 to $4,000, depending upon the extent of the documentation. There may also be some accounting fees ($500 to $1,500) relative to the S corporation election and other accounting issues.
S Corporations. âAn S Corp is a corporation that has received the Sub-chapter S designation from the IRS,â says Business.gov. Corporations that meet certain requirements can apply for the designation in order to avoid the double taxing pitfall that C corporations encounter.