S Corp or S Corporation has some specific differences from a Corporation. Like, S Corps holds eligibility to bypass taxation status with the IRS, which helps you to sidestep from double taxation on your business income. By filling form 2553 with the IRS, S Corp must request a bypass from taxation status.
It is a simpler version of C corp. It offers opportunities for investment, perpetual existence, and facilitates limited liability. But when compared to C Corp there is a huge advantage of taxation. You may observe in the points below.