Explanation of what it means to file as an S-Corp, including the basic legal and tax implications.

A comparison of S-Corp status with other business structures (like sole proprietorship and LLC) in terms of tax benefits and responsibilities.

Key considerations for businesses when deciding whether to elect S-Corp status, such as potential tax savings, administrative requirements, and eligibility criteria.

Advice on consulting with a tax professional to assess the specific benefits and drawbacks for the client’s individual business situation.