Site: nolo.com
... S Corporations
An S corporation is created by first forming a traditional corporation, and then filing ... a special form with the IRS to elect S status; unlike a traditional corporation, an S corporation generally ... (Note that a shareholder’s share of the S corporation’s income need not actually be distributed ... North Dakota recognizes the federal S election, and North Dakota S corporations are not required to pay ... his or her share of the company’s income. ...