The trend at both the national and state level is for business entities to be structured as “s” corps, partnerships or some form of limited liability company, rather than filing and paying taxes as a corporation. We have fewer corporate taxpayers every year – in the last 10 years there have been 8 percent fewer corporate tax filers.
but that doesn’t fit the agenda.
Just to nitpick, S-Corps are actual corporations with Articles of Incorporation, By-laws, a Board of Directors, and similar yearly requirements as C corps such as annual BOD meeting and minutes. They apply for S status from the IRS. If approved, corporate taxation goes away and the profits are distributed directly to the 100 or less shareholders as directed by the Board. I turned a C corp into a S-corp when I inherited a small shipping company.
However, your point is taken with many small companies now opting for LLC. - so less C-corps.