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.
An S corporation elects to take its profits, losses, deductions and credit and pass them through the shareholders before they are subject to federal taxation. An S Corporation is an incorporation type in which a company can avoid double taxation common to a C corporation. An S corporation is taxed on profits only through the tax returns of its shareholders.