Minding Her Own Business: The Self-Employed Woman's Essential Guide to Taxes and Financial Records by Jan Zobel is a solid introduction to taxes and recordkeeping for small business owners. We learn there are 10.6 million women-owned businesses in the U.S. (48% of all businesses), employing 19.1 million people and generating total annual sales of $2.46 trillion. During … [Read more...] about Book: The Self-Employed Woman’s Essential Guide to Taxes and Financial Records
Archives for February 2005
How to Use LLC to Invest Funds From a Self Directed IRA
QUESTION ON Self Directed IRAs Can I use an LLC to invest funds from a self directed IRA in real estate? If yes, how would I structure the LLC. If no, what structure can I use and how would it be structured? - Robert Panzera, New York ANSWER Dear Robert: The answer to the first part of your question is yes. The use of limited liability companies in … [Read more...] about How to Use LLC to Invest Funds From a Self Directed IRA
How a Corporation Can Elect to be an S Corporation
QUESTION ON How a Corporation Can Elect to be an S Corporation I requested my EIN as a personal services corporation and want to change it to an S-Corporation. How do I do elect to be an S Corporation? - Linda Dixon, FL ANSWER Dear Linda: Let's discuss corporate taxation for a moment. A regular corporation (or "C corporation") is an entity that is taxed … [Read more...] about How a Corporation Can Elect to be an S Corporation