{"id":5207,"date":"2018-09-21T14:22:54","date_gmt":"2018-09-21T14:22:54","guid":{"rendered":"https:\/\/www.austinshortfilm.com\/blog\/what-is-an-s-corporation-misconception-monday\/"},"modified":"2018-09-21T14:22:54","modified_gmt":"2018-09-21T14:22:54","slug":"what-is-an-s-corporation-misconception-monday","status":"publish","type":"post","link":"https:\/\/www.austinshortfilm.com\/tech\/what-is-an-s-corporation-misconception-monday\/","title":{"rendered":"What is an S-Corporation? | Misconception Monday"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"480\" height=\"270\" src=\"\/\/www.youtube.com\/embed\/qaVcfSvhBms\" frameborder=\"0\" allow=\"autoplay; encrypted-media\" allowfullscreen><\/iframe><\/p>\n<p>http:\/\/cenkuslaw.com<\/p>\n<p>This is Misconception Monday, where we tackle common misconceptions in business law, business and society generally. This week, it&#8217;s about business law.<\/p>\n<p>So, what is an S-Corporation? Well, it&#8217;s not &#8211; as many would think &#8211; a type of entity. An S-Corp is simply an election or a request an LLC or corporation makes to the IRS for S-Corp tax treatment.<\/p>\n<p>Now, that may or may not have distinct tax advantages for you, but it&#8217;s important to note that there is legal structure and tax structure and they don&#8217;t need to be the same thing. A corporation can choose to be taxed as a corporation or as an S-Corporation while an LLC has a multitude of tax structures to choose from &#8211; a corporation, S-Corp, partnership, etc.<\/p>\n<p>Watch the video for more detail, and contact me with any questions!<br \/>\n_____________________________________________<\/p>\n<p>For a deeper dive into  and other legal issues vital to the success of your deals and your business, visit me at:<br \/>\nhttp:\/\/www.cenkuslaw.com<\/p>\n<p>Just starting up? Check this out for my advice on startup success: http:\/\/www.thestartupshepherd.com.<\/p>\n<p>You can also reach me at:<\/p>\n<p>https:\/\/www.linkedin.com\/in\/brettcenkus<\/p>\n<div class=\"newsmag-video-container\"><a class=\"twitter-timeline\" data-width=\"600\" data-height=\"900\" data-dnt=\"true\" href=\"https:\/\/twitter.com\/bcenkus?ref_src=twsrc%5Etfw\">Tweets by bcenkus<\/a><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/div>\n<p>http:\/\/www.cenkuslaw.com<\/p>\n<div class=\"newsmag-video-container\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"HCmZlILAp3\"><p><a href=\"http:\/\/www.cenkus.com\/\">Home<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" src=\"http:\/\/www.cenkus.com\/embed\/#?secret=HCmZlILAp3\" data-secret=\"HCmZlILAp3\" width=\"600\" height=\"338\" title=\"&#8220;Home&#8221; &#8212; Brett Cenkus\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/div>\n<p>_______________________________________________<\/p>\n<p>About me:<\/p>\n<p>My 20+ years of experience in business finance, business law and entrepreneurship have led me to believe that numbers and logic are awesome tools, but understanding human nature and emotions is the first step to business success. <\/p>\n<p>The Cenkus Law Firm provides services related to mergers &#038; acquisitions, general business issues and startups, including founders\u2019 agreements and fundraising. I also consult with entrepreneurs and have invested my own capital as an angel investor.<\/p>\n<p>From 2010-2013 I served as Chief Legal Counsel of a publicly-trade international oilfield services company. From 2001 to 2006 me and a partner founded and built Paragon Residential Mortgage. Paragon was sold to Bridge Investments in 2006. <\/p>\n<p>I hold a Juris Doctorate from Harvard Law School and a Bachelor of Arts degree in Economics from Messiah College in Grantham, Pennsylvania. <\/p>\n<p>Now, I live in Austin, TX with my wife and two kids. I enjoy reading, running, classic movies, great food and wine and some great American football.<\/p>\n<h3>More info on What is an S-Corporation? | Misconception Monday<\/h3>\n<div class=\"ss-local-rss\"><div class=\"rss_header\"><h2><a href=\"https:\/\/cn.bing.com\/news\/search\/?q=What+is+an+S-Corporation%3F+%7C+Misconception+Monday&amp;qft=sortbydate%3D%221%22&amp;format=rss\" rel=\"nofollow\" class=\"rss_title\">What is an S-Corporation? | Misconception Monday - BingNews<\/a><br \/><span class=\"rss_description\"> Search results<\/span><\/h2><\/div><ul>\n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=6636d11057e2494f8cd702f76687d137&amp;url=https%3A%2F%2Fwww.nbcmiami.com%2Fnews%2Fnational-international%2Fyou-could-miss-the-opportunity-with-company-stock-experts-say-here-are-the-key-things-to-know%2F3302576%2F&amp;c=5476334634860616871&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tYou could \u2018miss the opportunity' with company stock, experts say. Here are the key things to know\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>Many companies offer stock compensation and employees \u201cmiss the opportunity.\u201d Here are key things to know about stock options, restricted stock units and more.<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=6636d11057e2494f8cd702f76687d137&amp;url=https%3A%2F%2Fuk.finance.yahoo.com%2Fnews%2Fq1-2024-green-plains-inc-032147174.html&amp;c=6257554505078246412&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tQ1 2024 Green Plains Inc Earnings Call\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>Good morning, and welcome to Green Plains, Inc. first quarter 2024 earnings conference call. Following the company's prepared remarks, instructions will be provided for Q&amp;A. At this time, all ...<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=6636d11057e2494f8cd702f76687d137&amp;url=https%3A%2F%2Fwww.wsj.com%2Fstyle%2Feven-experts-make-mistakes-a-few-they-wont-repeat-c3e499e3&amp;c=3079927887237008266&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tEven Experts Make Mistakes. A Few They Won\u2019t Repeat.\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>What\u2019s an error you\u2019ve made\u2014big or small\u2014and what did you learn from it?<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=6636d11057e2494f8cd702f76687d137&amp;url=https%3A%2F%2Fscnow.com%2Fopinion%2Fcolumn%2Flynn-schmidt-society-is-failing-our-kids-todays-college-campus-vitriol-is-a-symptom%2Farticle_776e5e26-cfb2-5ccb-9f2e-622c2c9a1957.html&amp;c=5130909253660493574&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tLynn Schmidt: Society is failing our kids. Today's college campus vitriol is a symptom\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>What is happening on college campuses is morally repugnant, politically stupid and continues to perpetuate the narrative that elite universities have been hijacked by the far left.<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=6636d11057e2494f8cd702f76687d137&amp;url=https%3A%2F%2Ffederalnewsnetwork.com%2Fhiring-retention%2F2024%2F05%2Firs-seeks-102000-employees-for-right-sized-workforce-and-more-money-to-avoid-cuts%2F&amp;c=18326399808734715129&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tIRS seeks 102,000-employee \u2018right-sized\u2019 workforce \u2013 and more money to avoid possible layoffs\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>The Internal Revenue Service plans to keep growing its workforce and make some long-deferred upgrades to its legacy IT systems, by tapping into billions of dollars in multi-year modernization funds.<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=6636d11057e2494f8cd702f76687d137&amp;url=https%3A%2F%2Fwww.smh.com.au%2Fbusiness%2Fmarkets%2Fbitcoin-s-halving-what-is-it-and-does-it-matter-20240419-p5fl9g.html&amp;c=5732523383953912135&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tBitcoin\u2019s \u2018halving\u2019: What is it and does it matter?\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>Add articles to your saved list and come back to them any time. Bitcoin\u2019s long-anticipated \u201chalving\u201d is, depending on where you sit, a vital event that will burnish the cryptocurrency\u2019s ...<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=6636d11057e2494f8cd702f76687d137&amp;url=https%3A%2F%2Fwtop.com%2Fnews%2F2024%2F04%2Fwhat-is-an-annulment%2F&amp;c=16368977001042614461&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tWhat Is an Annulment?\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>An annulment means something was legally wrong with the marriage, according to the Judicial Branch of California\u2019s \u201cSelf-Help Guide.\u201d \u201cIf you get an annulment, it\u2019s like your marriage ...<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=6636d11057e2494f8cd702f76687d137&amp;url=https%3A%2F%2Fwww.cbc.ca%2Fnews%2Fscience%2Fwhat-on-earth-green-savings-1.7177221&amp;c=14930357407125198121&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tAuthor shares tips to save thousands of dollars with greener habits\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>I wanted to dispel that misconception that going green is much more expensive. It absolutely isn't. I'm giving you tangible, practical things that you can do starting in your kitchen, which is one ...<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=6636d11057e2494f8cd702f76687d137&amp;url=https%3A%2F%2Fuproxx.com%2Fmovies%2Fwhat-is-steven-spielberg-next-movie%2F&amp;c=17910736498486192887&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tWhat Is Steven Spielberg\u2019s Next (UFO-Based) Movie?\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>While the legendary director is still developing a Frank Bullitt movie based on Steve McQueen\u2019s iconic character, that project might have to wait as Spielberg is reportedly returning to his ...<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            \n            <li>\t\t\t\t<span class=\"title\">\n\t\t\t\t\t<a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=6636d11057e2494f8cd702f76687d137&amp;url=https%3A%2F%2Fwww.msn.com%2Fen-au%2Fhealth%2Fmedical%2Fwhat-is-an-adrenaline-rush%2Fss-AA1mhlCs&amp;c=2025774393605510108&amp;mkt=en-us\" rel=\"nofollow\">\n\t\t\t\t\t\tWhat is an adrenaline rush?\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t<div>\n\t\t\t\t\t<p>Adrenaline prepares the body for what's known as fight-or-flight\u2014an automatic physiological reaction to an event that is perceived as worrying or frightening. But what exactly does adrenaline do ...<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/li>\n            <\/ul> <\/div>\n","protected":false},"excerpt":{"rendered":"<p>http:\/\/cenkuslaw.com This is Misconception Monday, where we tackle common misconceptions in business law, business and society generally. This week, it&#8217;s about business law. So, what is an S-Corporation? Well, it&#8217;s not &#8211; as many would think &#8211; a type of entity. An S-Corp is simply an election or a request an LLC or corporation makes [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5208,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[9],"tags":[2317,2318,1576],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/www.austinshortfilm.com\/wp-content\/uploads\/2018\/09\/qaVcfSvhBms.jpg","_links":{"self":[{"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/posts\/5207"}],"collection":[{"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/comments?post=5207"}],"version-history":[{"count":0,"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/posts\/5207\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/media\/5208"}],"wp:attachment":[{"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/media?parent=5207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/categories?post=5207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.austinshortfilm.com\/wp-json\/wp\/v2\/tags?post=5207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}