Do you “speak” both S corporation and C corporation?

Description

Abstract: Most bankers on the business-lending side of operations have a constant stream of customer financial statements passing over their desk (virtual or otherwise) for an evaluation of the borrowers’ creditworthiness. Thus, bankers need to possess enough knowledge about different types of business structures to shine the right spotlight on diverse financial statements. This article discusses the similarities between, and differences of, C corporation and S corporation financial statements.