Action Line: Beat the S corp clock — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

Action Line: Beat the S corp clock

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Would your small business benefit from a change to S corporation status? An S corp enjoys partnership-type taxation while it protects you from personal liability.

It’s too late to switch to the S corporation format for 2008, but the deadline for 2009 is March 16, 2009. File Form 2553, Election by a Small Business Corporation, at

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