- Sep 2014
- South FL
"S corporations continue to be the most prevalent type of corporation. For Tax Year 2003, about 61.9 percent of all corporations filed a Form 1120S. The total number of returns filed by S corporations for Tax Year 2003 increased 5.9 percent to nearly 3.3 million, from nearly 3.2 million reported in Tax Year 2002. S corporations became the most common corporate entity type in 1997."
2003 IRS, bit dated of course. Doesn't even count LLCs. But at this point LLCs and S Corps vastly outnumber C Corporations. There is virtually NO circumstance where I would even consider a C Corp