At this point in the course, you are now familiar with the different options a business owner has in determining the form of business to select.

• At this point in the course, you are now familiar with the different options a business owner has in determining the form of business to select. From the e-Activity, determine one (1) advantage to selecting an S corporation status. Provide a rationale for your advantage.
• From the e-Activity, determine one (1) disadvantage to selecting an S corporation status. Provide support for your determination.

Advantage of using S corporation status is:The very much known benefit of forming S Corporation is taxation by using pass through system whereinthe corporation itself is not liable to pay any tax...