{"id":344,"date":"2015-08-27T15:18:12","date_gmt":"2015-08-27T15:18:12","guid":{"rendered":"http:\/\/amerilawyer-blog.local\/?p=344"},"modified":"2025-05-27T16:42:58","modified_gmt":"2025-05-27T20:42:58","slug":"yield-significant-tax-benefits-separate-your-business-liabilities-through-a-qualified-subchapter-s-subsidiary-election","status":"publish","type":"post","link":"https:\/\/www.amerilawyer.com\/blog\/business\/yield-significant-tax-benefits-separate-your-business-liabilities-through-a-qualified-subchapter-s-subsidiary-election","title":{"rendered":"Yield Significant Tax Benefits &#038; Separate Your Business Liabilities Through A Qualified Subchapter S Subsidiary Election"},"content":{"rendered":"<p>Prudent business owners who own multiple businesses generally form a separate corporation for each separate business in order to isolate the liabilities of one business from the other. If you currently own a <span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"http:\/\/www.amerilawyer.com\/form_a_sub_chapter_s_corporation\/sub_chapter_s_corporation.htm\" target=\"_blank\">Subchapter S Corporation<\/a><\/span> (&#8220;S Corporation&#8221;) and are thinking about starting another business as a &#8220;division&#8221; of your S Corporation, then the Qualified Subchapter S Subsidiary (&#8220;QSSS&#8221;) may be a useful vehicle to establish a parent-subsidiary structure through filling IRS Form 8869. Each QSSS is treated as a separate legal entity, maintaining its state law liability protection.<\/p>\n<p>For federal income tax purposes, however, each QSSS is not treated as a separate entity such that its income and expenses roll-up into, and are reported as part of, the parent&#8217;s <span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"http:\/\/www.amerilawyer.com\/form_a_sub_chapter_s_corporation\/sub_chapter_s_corporation.htm\" target=\"_blank\">S Corporation<\/a><\/span> tax return. Additional Advantages which QSSS may provide are significant tax benefits. In the instance where some entities in the parent-subsidiary structure generate taxable income while other entities generate taxable losses, the QSSS may allow the income and loses to offset one another.<\/p>\n<p>To understand how an S corporation election can save you money, speak to a one of our attorneys by calling 800-743-9900 or visit our<span style=\"color: #000000;\"> <a style=\"color: #000000;\" href=\"http:\/\/www.amerilawyer.com\/form_a_sub_chapter_s_corporation\/sub_chapter_s_corporation.htm\" target=\"_blank\">website<\/a><\/span> today!<\/p>\n","protected":false},"excerpt":{"rendered":null,"protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,72,6,7],"tags":[],"class_list":["post-344","post","type-post","status-publish","format-standard","hentry","category-business","category-entrepreneur","category-legal-services","category-taxes"],"_links":{"self":[{"href":"https:\/\/www.amerilawyer.com\/blog\/wp-json\/wp\/v2\/posts\/344","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.amerilawyer.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.amerilawyer.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.amerilawyer.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amerilawyer.com\/blog\/wp-json\/wp\/v2\/comments?post=344"}],"version-history":[{"count":1,"href":"https:\/\/www.amerilawyer.com\/blog\/wp-json\/wp\/v2\/posts\/344\/revisions"}],"predecessor-version":[{"id":25392,"href":"https:\/\/www.amerilawyer.com\/blog\/wp-json\/wp\/v2\/posts\/344\/revisions\/25392"}],"wp:attachment":[{"href":"https:\/\/www.amerilawyer.com\/blog\/wp-json\/wp\/v2\/media?parent=344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amerilawyer.com\/blog\/wp-json\/wp\/v2\/categories?post=344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amerilawyer.com\/blog\/wp-json\/wp\/v2\/tags?post=344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}