The term S corporation means small business. S corporation is an ordinary business corporation that can elect to pass corporate income, losses, credits, and deduction to the shareholders for another federal tax purpose.
Non-profit is the corp. that is an entity formed for purposes other than making profits out of it.l like all the standard profit-making companies the nonprofit corporations are the same they have limited liability protection and much more.
By filling the DBA Doing Business As is an official legal and public way to register firms’ names in either the jurisdiction of state or local. DBA is commonly recognized as the Trade name of the company.
The Employer identification number (EIN) or the federal tax identification number is a unique number assigned by IRS to the business owner which makes it entitle of operations in the united state. It is a nine-digit unique id