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
Limited Liability Company (LLC)
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
Liability Protection and Your Business Entity
The best way to understand a corporation, limited liability company (or even a limited partnership) is to realize that each creates a special legal relationship or privilege between the business owner(s) and the government. These areas of government include: State Government (including state taxing authorities and the state court system) The Federal Government … [Read more...] about Liability Protection and Your Business Entity
LLCs and C Corporations: Similarities and Differences
Limited Liability Companies (LLCs) and corporations both afford limited liability protecting to the owners of the company. This article looks at the similarities and differences between these two business entities. Similarities Between LLCs and C Corporations 1. As Legal Entities Both are separate legal entities that are created by a state filing. 2. Both offer the … [Read more...] about LLCs and C Corporations: Similarities and Differences