Protein is an essential nutrient used to build and maintain lean body mass, maintain current muscle mass and to provide fuel for our bodies. Dietary protein can come from many sources, including red meat, chicken, fish, nuts and vegetables including beans. Other sources of protein can include cheese, milk and yogurt.
S Corporations have the same basic advantages and disadvantages of general or close corporation with the added benefit of the S Corporation special tax provisions. When a standard corporation (general, close or professional) makes a profit, it pays a federal corporate income tax on the profit.
What are the main differences between a C corporation and an S corporation? C corporations are subject to double taxation; that is, one tax at the corporate level on the corporation's net income, and another tax to the shareholders when the profits are distributed. S corporations have only one level of taxation. All of their income is allocated to the shareholders.