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Good afternoon. No, there is no revenue limitation on a SCorporation to retain its status as an S Corporation. Once you file your initial election, the only thing you need to monitor is to make sure no shares end up being owned by someone disqualified to be an owner of an S Corporation.
I hope this has given you the guidance you were seeking. I wish you the best of luck!
The information given here is not legal advice. As all states have different intricacies in their laws, the information given is general only. This communication does not establish an attorney-client relationship with you. I hope this answer has been helpful to you.
My pleasure! I'm so sorry...I forgot to address that...no, you need not change accounting systems. You are good to go make as much money as you want without worrying!