Many small business owners are well aware of the importance and benefits of incorporation. If properly formed and operated, a corporation shields its shareholders from personal liability. Requirements in Operating a Corporation While many small business owners seek legal counsel to assist them with formation of their corporation, they may not understand the benefits … [Read more...] about How to Bullet Proof Your Corporation
Business Structure
S Corporation Taxes for Employees and Shareholders
QUESTION on S Corporation Taxes for Employees and Shareholders There are three of us that would like to start a concrete masonry business. We are looking at an S Corporation, thinking this set up may fit our needs. We want to make sure that all three have equal ownership and profits. However, two members will be doing the work and the third is a business associate only. So … [Read more...] about S Corporation Taxes for Employees and Shareholders
Setting Up a Limited Liability Company and S Corporation in California
Considering the idea of forming an S corporation in California? While you may be able to save lots of money on payroll taxes with an S corporation, you do need a good handle on three, specific to California S corporation issues: The California entities eligible for Subchapter S status, the way the California LLC franchise tax hits LLCs and S corporation, and how converting from … [Read more...] about Setting Up a Limited Liability Company and S Corporation in California
Factors to Consider When Choosing a Small Business Structure
Imagine going to a tasty buffet restaurant with a large selection of soups, salads, meats, and desserts. This variety is similar to the choices available to entrepreneurs looking to dive into small business ownership. Each business structure option offers something unique, and there are certain factors to weigh when making such an integral decision. RELATED: Choosing the … [Read more...] about Factors to Consider When Choosing a Small Business Structure
Choosing an LLC Structure for Your Business
In the United States, the limited liability company LLC structure is a fairly new concept in business organization. Though still not accepted in all states, it serves as a unique alternative to traditional legal and tax ways of doing business: sole proprietorships, general partnerships, limited partnerships, C (regular) corporations and S corporations. Given that some states … [Read more...] about Choosing an LLC Structure for Your Business