Monday - Friday: 9:30AM - 07:00PM
FinServ PartnersFinServ PartnersFinServ Partners
(Monday - Friday)
Patia, Bhubaneswar, Odisha - 751017, India
FinServ PartnersFinServ PartnersFinServ Partners

C-Corp to S-Corp Conversion

C-Corp to S-Corp Conversion

A C-to-S conversion takes place when a C corporation opts to change its tax status to that of an S corporation. The primary reason a C corporation opts to change its tax status to that of an S Corporation is the differential tax treatment of the two.

A C corporation is treated as a separate tax-paying entity from its owners. A C corporation must pay taxes on its earnings at the company level. Then, once the corporation’s earnings have been taxed, the remaining after-tax net income can be distributed to shareholders as dividends; the shareholders then pay personal dividend taxes on the earnings distributed to them. Thus, a C corporation’s earnings are subject to double taxation, being taxed at both the company level and the shareholder level.

Conversely, An S corporation is considered a pass-through entity. The business itself does not pay any company-level taxes. The company’s before-tax earnings are distributed, or “passed through,” to shareholders, at which point the shareholders are taxed at their personal income tax rate. Thus, compared to C corporation earnings which are subject to double taxation, S corporation earnings are taxed only once.


In a C corporation, a shareholder can be any individual or any entity. Whereas, in an S corporation, shareholders can be any one of the following:

  • U.S. individuals
  • Estates
  • Certain trusts
  • Certain tax-exempt organizations
  • Resident aliens (green card holder or has a presence in the U.S.A. for a minimum of 183 days during the current year)

However, non-resident aliens, partnerships, LLCs, IRAs, C corporations, certain trusts, and tax-exempt organizations are not allowed to be shareholders in an S corporation. The maximum number of shareholders that an S corporation can have been capped at 100.

Contact us today!


    • Suite - 210, B Block, Nature's Crest, Patia, Bhubaneswar, Odisha - 751017, India
    • India #: (+91) 674-358-1502
      US #: (+1) 585-577-7716
    • [email protected]
    Best Quality Service Competitive Price Quick Turnaround Reliable & Dependable Super Support

    Quality is our first priority. We always provide our clients with world-class services with a 99.99% quality guarantee and keep improving the process. Our quality checking process pass-through a 3-step checking process, reducing the error chance to zero percent.

    Our process improvement continuously checks for model and report upgradation, change or application of new industry or legal rules in the valuation and analysis process. Our existing clients are very much satisfied with our quality services.

    We work on a low-price model without compromising the quality of the work. We have a talented pool of MBA, CVA, CPA, CFA and other finance, accounting, and economics graduates to maintain the quality.

    Since we operate from India, we benefit from the labour arbitrage and pass the same befit to our clients by providing quality services at 60-70% less than their in-house operating cost.

    We always try to deliver projects as soon as possible after all required work and quality checks are done.

    As soon as we receive a project request from the client, we add that to our project pipeline and set the final deadline. Then we review and request the missing documents/data from the client. In the meantime, our operation manager assigns respective tasks to respective analysts based on their competencies and sets a deadline for each. After the completion, the QC team takes over the project and checks for errors in 2-3 steps. After confirmation, our managing director quickly looks at the project and then delivers it to the client before the final deadline.

    We are a reliable and trusted offshoring partner for the client. We sign the NDA and NCA when a contract is finalised between the client and us. We work for the client's best interest in a very transparent way, for which clients rely and depend on us for their part/whole process for the long term without any confusion.

    We provide our endless dedicated support to our clients 24/7, whether related to a project, pricing, time or audit support. This is why clients have loved to partner with us for a long time. We provide support via online video meetings like zoom or Microsoft teams or skype, voice calls, Whatsapp and our online chat agent on our website.

    Clients Testimonials

    Few appreciation and motivation from our clients for our best quality and timely work!

    Subscribe to our newsletter

    Sign up to receive latest news, updates, promotions, and special offers delivered directly to your inbox.
    No, thanks