Description: This will be a revision of How to Start Your Own (Subchapter) S Corporation, which has sold 14,000 copies, including 2,124 this fiscal year. This book does not fit our normal sales pattern in that it has averaged approximately 2,400 copies per year since its publication in 3/95. We think that the new edition will have greater success since there is an ever-expanding market for entrepreneurs, encouraged by strong economic growth in the United States. The new edition will be updated in the following ways. 1. The maximum number of shareholders in an S Corporation has been increased to 75. 2. S Corporations can own subsidiary corporations, subject to certain rules. 3. As for medical expense fringe benefits, the author will add the rules that now allow 2%-plus stockholders to deduct a percentage of medical expense as an above-the-line deduction. 4. The sections dealing with a avoiding the classification of LLC's as a corporation are out of date. The applicable rules are now the IRS' check-the-box procedures. 5. The book contains caveats about LLCs doing business in states that do not recognize LLCs. That is out of date, as all states now have LLC enabling laws. 6. The IRS forms should be updated to the latest available.

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