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An eligible domestic corporation can avoid double taxation (once to the shareholders and again to the corporation) by electing to be treated as an S corporation. Generally, an S corporation is exempt from federal income tax other than tax on certain capital gains and passive income. On their tax returns, the S corporation's shareholders include their share of the corporation's separately stated items of income, deduction, loss, and credit, and their share of nonseparately stated income or loss.
How To Get A LLC Tax Deduction?
We all love to operate under limited liability and all the more better if we could get some relief from the tax guys.Well, there is no immediate respite from the tax chaps, so don't try running from those...
Four Reasons Not to Form a Limited Liability Company
Don't get me wrong. I think LLCs, or limited liability companies, are great. At modest cost, they often let you minimize your legal liability. LLCs also give you tremendous tax flexibility, because with...
More Options to a Self Directed IRA
If you want to have more control over your retirement accounts than what is typically found with ROTH, and Traditional IRA's: then consider the acquisition of a self-directed individual retirement account....
S-Corporation - Making the Election
Once you decide to form a corporation for your business entity, you will quickly be faced with another question. Should the corporation pay taxes as a "C" or "S" corporation? There is a lot of confusion...
How To Form An LLC
A Limited Liability Company or LLC is a mixture between a partnership and a corporation. An LLC protects the owners from personal liability on the company's debts just like a corporation with the tax-benefits...
C Corp or S Corp How To Choose The Proper Business Entity?
Choosing your business structure is just as important - if not more important - than marketing. You should consult with your accountant or your attorney in forming your business. The process in setting...
Offshore Company Uses
Introduction - What we are going to do here is explain to you some of the ways others have used Offshore Corporations. For purposes of this article when we refer to an offshore company or an offshore corporation...
Holistic Junction's Featured School of the Week: National Massage Therapy Institute, LLC
Holistic Junction is honored to present National Massage Therapy Insititute, LLC as the featured school of the week. 'Welcoming you to the world of Wellness,' the National Massage Therapy Institute, LLC...
Panama Corporation Formation
Panama Corporation Time FramePanama Corporations can be formed in two to three days. Panama Corporations are filed with the public registry maintained by the government of the Republic of Panama. All corporations...
Understanding Corporations And Limited Liability Companies
Corporations and Limited Liability Companies (LLC) are formed to shield owners from personal liability for the debts and obligations of their businesses. One of the major differences between a corporation...
How Taxes Apply To Corporations
A corporation is a designated entity where the company and the individuals related to it, have different legal identities. The reason most companies prefer to incorporate is asset protection. Incorporation...
Is A Limited Liability Company (LLC) Right For Your Business?
Up until a few years ago there were only 3 types of formal business formations. These were the corporation, a partnership and a sole proprietorship. Each had both positives and negatives and depending...
How Can A Corporation Be Dissolved?
A corporation can be dissolved either voluntarily or involuntarily. There is a voluntary dissolution of a corporation when its corporate existence ceases due to voluntary means or methods or as decided...
Should You Incorporate Your Business?
A common question among people starting a business whether or not they should incorporate. Incorporation means that your company is a separate legal and financial entity from yourself. Legally a corporation...
Legal Structure For Your Business
Tips from a book I reviewed in 2005.Your first decision is to select a legal structure for your business.You, your accountant or attorney, could choose a legal structure for your business.Five types of...
How to Save Taxes with an S Corporation
How to Save Taxes with an S Corporation
Ever wondered why so many small businesses--more than 3,000,000 at last count--operate as an S corporation? Simple. An S corporation saves business owners big taxes...
Business Structures
Now that you have your business plan all set up and you're serious about starting your business, you need to think about your business structure. By business structure, I mean the type of the company you're...
Benefits To Incorporating A Business Today
Incorporating is the standard for many in business today because of the level of protection it provides in protecting your personal assets against the claims of creditors and lawsuits. Starting a corporation...
Tax Tips for S Corporation
Tax Tips for S Corporations : http://www.tax-definition.org/Define-Payroll-taxes.htmlDescription: The "C" and "S" corporations refer to the Internal Revenue Code's subchapters. The "S" corporation status...
How To Avoid Double Taxation Of Your Small Business Profits
Have you been thinking about incorporating your small business or self-employment activity? The advantages are many!For starters, you'll be protecting yourself and your family from the possibility of a...
Issues with Capitalizing Your New Corporation
Once you register a corporation in your state, you must go ahead and capitalize it. This raises a host of questions regarding the best way to do it and potential risks of getting it wrong. First things...
BusinessWay Announces Sale of PC Division
For Immediate release Sector: Computers, Internet, Retail, Software MONTREAL, Quebec May 19, 2003 - BusinessWay International Corporation (OTCBB:BITL) today announced the disposition of its entire Personal...
Why Should You Incorporate Your Business?
If you do well with your business, you may want to incorporate it. There are many advantages gained by incorporating. For one, if (and this is a BIG if, but you never know), if you are ever sued, your...
Establishing a Panama Financial Services Corporation
In Panama, you can establish your very own Financial Services Corporation. This corporation is going to be established and be essentially the same as any other SA Bearer Share corporation in Panama. But...
Tax Advantages Of Incorporating A Business
The tax advantages of incorporating a business is one of the main reasons that owners choose to incorporate their businesses, no matter what market they work in. Other types of businesses, such as sole...
Nevada State Corporation - The #1 Reason to Incorporate in Nevada
It's Extremely Difficult for Anyone to Pierce Your Nevada State Corporate VeilFirst, what exactly does "piercing the corporate veil" mean? When you form a corporation, whether it's in Nevada, California,...
Do-It-Yourself LLC Formation: Easy and Fast
You've decided you need an LLC for your real estate investing or small business. But the attorney wants several hundred dollars or more to fill out the paperwork. Isn't there a cheaper way to set up an...
Business Entities: Which Business Types Are Right For Your Company?
LLCs, S Corporations, C Corporations - there are so many different types of business entities, it can seem overwhelming when you're trying to decide which direction to take your company. Each of these...
Will Forming A Limited Liability Company Do Me Good As A Small Business Owner?
When you go on to legally form your own business, you will in many cases be faced with a few options: registering an llc, a corporation, a partnership or just be self employed. The option of forming an...
Corporation - What Is It?
Simply put, a corporation is a form of business entity. You probably already know this, so this article delves into a few of the particulars.Separate EntityFor legal purposes, a corporation is considered...
Four Dumbest S Corporation Setup Mistakes
I see and hear about a lot of dumb S corporation setup mistakes. Some of the mistakes are made by entrepreneurs and investors trying to save money on accountants and attorney fees. And I guess thats okay--albeit...
Isn't Once Enough? Don't Let The IRS Tax Your Small Business Twice
Have you been thinking about incorporating your smallbusiness or self-employment activity? The advantagesare many! For starters, you'll be protecting yourself and your familyfrom the possibility of a business...
Running a Corporation - Shareholders and Directors
If you form a corporation for a business, it can become very confusing when the issue of running the actual business arises. For instance, what is the difference between shareholders and directors?The...
How To Incorporate
Hard work, a good business acumen to spot opportunities and a little bit of luck are the key ingredients for success in business. Equally, there are many factors for failure that are out of one's control....
The Need For An Expert Corporate Lawyer
A corporation lawyer may have several areas of expertise. A corporate lawyer can either specialize in forming corporations, or in the drafting of the appropriate articles of incorporation and by-laws....
Corporation and Its Juridical Entity
When man began relationship with his or her comrades, he or she made it sure that whatever agreement that may be arrived at by and between them would be considered as formal and that no one would be justified...
California Limited Liability Company - An Overview
Many people are surprised to learn that the LLC business entity is a fairly recent phenomenon. Wyoming was the first state to legislate the creation of LLCs in 1977. Most states didn't jump on the LLC...
WHAT ARE THE REQUIREMENTS IN ESTABLISHING A CORPORATION?
A corporation is the biggest type of business entity. So how does one creates one of these giants? But first it is important to define the term CORPORATION- a corporation is an artificial legal entity...
The original fast food in the Philippines
If you've been to the Philippines and asked most of the children where theywant to go after Sunday mass, there's probably going to be a chorus thatwould sound something like "Jollibee!" The Jollibee Food...
S Corporations - Filing The Election
Getting a corporation designated as an "S" can be a bit confusing. If you are committed to getting an "S" corporation, here is how you do it. "S" CorporationThe "S" in S corporation refers primarily to...
Major Advantages of Establishing a Corporation
Do you want to establish your own business but you want other persons to join you in your business venture? If this is what you perceive to do, then we advice you to form a corporation. A corporation is...
Free Information and FAQs you Need to Know to Form an LLC or Incorporate in Delaware
1. Why should I incorporate / form an L.L.C. in Delaware?When forming a corporation or LLC, you should choose the state of incorporation carefully. This is your opportunity to forum shop for the law you...
Should you use an LLC for your small business? Probably--and here's why.
Accountants and attorneys love limited liability companies. But do limited liability companies--LLCs for short--really make sense for small business owners. Probably. And for two almost unknown reasons.The...
Major Advantages of Establishing a Corporation
Do you want to establish your own business but you want other persons to join you in your business venture? If this is what you perceive to do, then we advice you to form a corporation. A corporation is...
Get Your Business Started With Your Articles Of Incorporation
The articles of incorporation sometimes called the certificate of incorporation or company charter is the main set of rules that govern the management of the corporation and is usually filed with the state...
LLC vs S Corporation: Which is Better?
"S Corporation or LLC?" is a common question for new business owners. I have several people call me each week asking this.I always tell them the question is impossible to answer. And here's why. An LLC...
Insider Secrets about Corporations: Or, Why Should I Incorporate?
-"Why should I incorporate? I can just do this business as a sole proprietor, right?"-"Isn't it complicated and expensive to form a corporation?"-"I run my business with my spouse, and we have a partnership....
LLC vs S Corporation: Which is Better?
"S Corporation or LLC?" is a common question for new business owners. I have several people call me each week asking this.
I always tell them the question is impossible to answer. And here's why. An LLC...
Incorporating Your Home Business in a S Corporation
Incorporate Your Own Business
Do you have a small business or plan on starting one? Many people who
have small businesses keep them sole proprietorships because they think
it is too complicated and/or...
Incorporate LLC
LLC (limited liability company) provides the benefits of liability protection and pass through taxation features of sole proprietorship or partnership. Many small business owners prefer this form of corporation...
Business Incorporating
Business incorporating can bring with it a number of benefits to your company. If you are seeking those benefits inherent in business incorporating, you will want to go beyond the benefits to learn the...
Importance Of Maintaining Corporate Records
The limited liability protection offered to corporate shareholders is by far the most important and distinctive advantage of incorporation. To enjoy the benefits of incorporation, the company must observe...
Advantages Of Aged And Shelf Corporations In Nevada
Aged and Shelf corporations are corporations, which have been completely formed and are ready to proceed. The business world calls them shelf corporations because nothing has been done with them yet. They've...
Incorporating Tips - Capitalization
Capitalizing a new business entity is a critical step of the formation process. Failing to take the step can lead to serious legal problems if the entity is ever sued. So, what is capitalization and what...
What Are Professional Corporations?
Many professionals are barred from forming limited liability companies or basic corporations for their practices. Instead, there only option is often to form a professional corporation.When it comes to...
Tax Benefits of A "C" Corporation - Funding
If you are going to form a corporation, you might be surprised to learn a "C" corporation comes with a lot of tax benefits. While this article isn't intended to replace the advice of a good tax professional,...
Single and Multi Owner LLC Taxes
LLC owners must report their business income and losses on their personal income tax returns Similar to a sole proprietorship or partnership you must report your income to the IRS. An LLC is not a separate...
Your Small Business Deserves Protection Too
A small business can protect itself just like the big companies do. Whether your business is part-time or full-time, home-based or out of a separate office you have the option of running it as an LLC.What...
Benefits of Incorporating Your Own Business
If you have a small business or starting one in the near future, it is important to look into the benefits of incorporation. The government provides benefits to companies that incorporate their businesses...
StockPricePredictor, LLC launches an Automated Published Patent Application Valuation service
The Automated Patent Valuation service and the Automated Published Patent Application Valuation service available at www.PatentValuePredictor.com allows a user to select published patent applications and...
The Benefits Of Incorporating Your Business S Corporation
What do General Motors, Microsoft, AT&T and many other major businesses in America have in common? They're corporations. A corporation is a separate legal entity that functions separate and apart from...
S Corporation What Is It?
For many small businesses, the S corporation is the business entity of choice. The S in S corporation refers to a tax designation. All corporations are created the same way under state law. A small...
LLC And Incorporating Laws
If you are thinking about becoming incorporated, or a LLC, you are probably wondering about the laws, and how they might effect you and your company. First of all, the laws are all different, for each...
Who Can You Trust to Incorporate Your Business?
If you have decided that it's time that your business becomes incorporated, and that a Limited Liability Company (usually referred to as an LLC) is the best entity, then your question is going to be: who...
Understanding The Difference Between C Corporations And S Corporations
Based on many financial and technical factors, corporations are categorized into different types. Of these categories, two key types of organizations are 'C Corporations' and 'S Corporations.' A 'C Corporation'...
Introduction to the Corporate Entity
Many people considering starting their own business here about various business entities, but don't really understand them. Here is an introduction to the corporate entity.Introduction to the Corporate...
Subchapter S Corporation Tax Status
Overview of the Subchapter S Corporation Designation
Although the term Subchapter S Corporation sounds as if it applies to a certain type of company, in actuality, it is merely a term used by the IRS (Internal...
Pierce the Corporate Veil
The corporate structure of your business will provide shelter for your personal assets. There are several events that will cause a judge to disregard the corporate entity or "pierce the corporate veil."...
Panama Anonymous Bearer Share Corporations
Panama Bearer Share Corporation Advantages:Panama is the only place in the world where you can form a truly anonymous bearer share corporation. Under Panama law a bearer share corporation can be formed...
Why Millionaires Don't Fear the IRS
So you've finally done it: you started your own business. You're making money and feeling great, maybe even enough to buy that new car or home you've been coveting. But wait! What about Uncle Sam? Doesn't...
S Corporations
One of the most widely used, second only to the sole proprietorship, is the S corporation; what is the S corporation and how does it work? Let's attempt to answer those questions in the next few paragraphs.The...
The Corporation and Its Guts - the By Laws
If you are an aspiring businessperson or a newbie in any sort of business then you have to know abut the corporation and its By Laws, which is said to be the guts of the corporation.In simple terms, a...
How To Incorporate Yourself Without A Lawyer
You could save hundreds of dollars by incorporating yourself without a lawyer. How? Is it advisable to do so?1. This is Not Legal Advice!The only ones who should be giving legal advice are those licensed...
Subchapter S Corporation Tax Status
Overview of the Subchapter S Corporation DesignationAlthough the term Subchapter S Corporation sounds as if it applies to a certain type of company, in actuality, it is merely a term used by the IRS (Internal...
How To Incorporate Yourself Without a Lawyer
How To Incorporate Yourself Without a Lawyerby J. Stephen PopeYou could save hundreds of dollars by incorporatingyourself without a lawyer. How? Is it advisableto do so?1. This is Not Legal Advice!The...
Legal Benefits of Incorporating
Incorporating your business provides legal protection of your personal assets. It safeguards your personal assets against the claims of creditors and lawsuits. Sole proprietors and general partners in...
Incorporating Your Small Business
Incorporating Your Small Business Having a self-sufficient business is probably one of the most common of dreams. Even more so incorporating small businesses into big businesses with larger perspectives...
LLC vs Corporation: Which Is Best?
Taking the step beyond having a sole proprietorship is a good idea for nearly any business. After all, as the owner of a sole proprietorship, you and your business are considered to be one and the same....
How To Form A Nonprofit Corporation
The inception of a nonprofit corporation is similar to the inception of any other corporation. The main difference is that nonprofit corporations are exempt from government taxes. Apart from filing the...
How to Save Taxes with an S Corporation
How to Save Taxes with an S CorporationEver wondered why so many small businesses--more than 3,000,000 at last count--operate as an S corporation? Simple. An S corporation saves business owners big taxes...
The ABCs of the S-Corporation
As small business owners, we all have at least two things in common when it comes to our companies: Keeping other people's hands off our personal assets and paying the lowest possible taxes (this usually...
Setting Up a Corporation - Learn the Basics
A corporation is a legal entity that separates the persons owning or operating a business from the actual business itself. They are set up to protect individuals from a range of possible damages and obligations...
Business Incorporation - Your Guide To The Best Online Resources
Just what is an LLC? Here's a definition from Lectric Law Library's Lexicon:A business structure that is a hybrid of a partnership and a corporation. Its owners are shielded from personal liability and...
Limited Liability Company -- Perfect Setup For Small Businesses
A Limited Liability Company or LLC is a legal entity that limits the liability of its owners. LLC is more suitable for small businesses with a limited number of partners. Limited Liability Company is neither...
Four Dumbest S Corporation Setup Mistakes
I see and hear about a lot of dumb S corporation setup mistakes.Some of the mistakes are made by entrepreneurs and investors trying to save money on accountants and attorney fees. And I guess that's okay--albeit...
Incorporating a S Corporation Using Three Simple Steps
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Legal Structures for Your Business
The legal structure you choose depends on a number of things, including your type of business, individual situation, goals for the business, and a number of other personal and financial factors. Before...
Business Incorporating
Business incorporating can bring with it a number of benefits to your company. If you are seeking those benefits inherent in business incorporating, you will want to go beyond the benefits to learn the...
Tax Tips for New Ecommerce Entrepreneurs
New ecommerce entrepreneurs can find them confused and confounded by the tax and accounting requirements of their venture. And thats a shame: If someones spotted a great new category and successfully...
Advantages of Incorporating
Advantages of Incorporating In our competitive era, small businesses are in most cases no longer economically viable. People that start a small business are often too concerned about administrative issues...
Limitations on S Corporations
It may be a good decision for small business owners to choose to be treated as an S corporation for Federal tax purposes. This allows income to flow through the corporation without being taxed until it...
I Comply, You Comply, We Comply ... Are You Sure?
Failure to follow corporate formalities may expose corporate officers, directors and shareholders to personal liability. Maintaining good records, including corporate minutes, on a timely basis goes a...
Business Entities - A Quick Guide
Business entities comes in so many types that business owners can easily get confused. Here's a quick guide that will hopefully shed a little light on business entities for you.
Business Entities
"C"...
The IRA Owned LLC, A Great Potential for Investing
"So many investors are tired of watching their retirement accounts dwindle away from the lackluster performance of the stock market, while the value of their home and surrounding areas increase in the...