Which businesses are good candidates for S corporation status?

Which businesses are good candidates for S corporation status?

Gregg Wind (Partner, Wind Bermer Hockenberg, LLP) gives expert video advice on: Can starting a business decrease my taxes? and more...

A good candidate for an “S” corporation would be an entity that holds a significant number of assets like real estate. If, for example, individuals are considered real estate professionals, those real estate losses would pass through to shareholders in the S corporation and the shareholders may be able to benefit from deducting the losses.