This handbook is a practical guide to organizing and working with S corporations.
This handbook assists attorneys with issues that arise when forming and utilizing an S corporation. Chapter topics include electing S corporation status, operating and terminating an S corporation, special situations and planning techniques for the S corporation, and passive loss rules as applicable to an S corporation and its shareholders. Discussions comparing S corporations to limited liability companies and C corporations are provided to assist attorneys when deciding which entity works best for their clients. The handbook also includes forms for a qualified subchapter S trust election, electing small business trust election, shareholders’ consent to S election, and revocation of S election.
William A. Price, Warrenville
Chapter 1 — Considerations In Electing S Corporation Status
Anthony J. Jacob and William A. Ballentine, Hinshaw & Culbertson LLP, Chicago
Chapter 2 — Electing S Corporation Status
William A. Price, www.growthlaw.com, Warrenville
Chapter 3 — Operating and Maintaining the S Corporation
Alexander N. Loftus, Loftus & Eisenberg, Ltd., Chicago
Chapter 4 — The Passive Loss Rules: Application to an S Corporation and Its Shareholders
Paul S. Drizner, Seyfarth Shaw, LLP, Chicago