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23rd September 2009
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" Corporation: A corporation whose shares are hel... Read >
Author: wbdoyle21st September 2009
Partnerships are extremely flexible entities which makes them incredibly powerful in a tax strategy. Flexibility in a tax strategy is key because things change! I've studied partnerships for over 30 years and there are hundreds of ways to use them to pr... Read >
Author: Tom Wheelwright10th September 2009
Subchapter S Corporation is a special type of business that protects the personal assets of people from liquidation (in case of a bankruptcy) while adopting a flow-though system which means that incomes and losses are passed to the shareholders.
Accord... Read >
Author: Mesriani Law Group07th September 2009
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 in three separate ways:
First, as compared... Read >
Author: wbdoyle03rd September 2009
When starting or expanding a business, many owners wonder if they should form a business entity and, if so, which one they should use. There is a wide variety of information and "pitches" being made on the Internet regarding the benefits of certain entiti... Read >
Author: wbdoyle03rd September 2009
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” Corporation
The “S” in S corporation refers primarily to a tax designation. While elect... Read >
Author: wbdoyle18th August 2009
Most of the time, an S corporation does not pay federal income taxes. The essential feature of an S corporation is that shareholders pay the taxes on income?not the corporation. However, three situations exist whereby an S corporation may end up paying ta... Read >
Author: Stephen L. Nelson17th July 2009
There are many benefits in forming a C-Corporation. You don’t have to be some sort of huge corporation to want to be a c-corporation. There are many benefits also for closely held corporations. The obvious benefit is to be able to write off a wide varie... Read >
Author: Rajni27th June 2009
Confused About Whether You Should Incorporate Your Home-Based Business?
The Balancing Act on Lifetime Television Explains the Benefits
To incorporate or not to incorporate? The Balancing Act on Lifetime Television knows there are millions of wo... Read >
Author: robertprice920th June 2009
In the United States, we have two types of partnerships, several types of trusts, and two types of corporations.
There are basically two types of partnerships:
•General partnerships - unlimited liability
•Limited partnerships - limited liability... Read >
Author: shreebest10th June 2009
The word incorporated usually stands for the establishment of a new business or organization, both for profit and non-profit purposes. Processing a establishment such as this usually involves the creation and registration of the name and logo of a company... Read >
Author: Robert Bell19th May 2009
Bankruptcy normally implies a new start for people who are going through financial distress. Though many believe that this financial state is for people who are irresponsible with their spending habits, this is just a misconception, since there are people... Read >
Author: Peter Gitundu18th May 2009
If you’re ready to form an LLC in California, the best course of action is to hire a professional who specializes in the formation of Limited Liability Companies and corporations. If you make rookie mistakes, it could have a huge impact on your business... Read >
Author: DirectTM18th May 2009
Now that you’ve decided to start a business, you’ll want to take a positive step and form an LLC to protect your personal assets. Forming an LLC and starting your business off with a strong foundation (vs. a sole proprietorship) will be one of the mos... Read >
Author: DirectTM02nd April 2009
The reason clients ask these questions is because they hope to minimize paperwork (tax filings) and enjoy the perceived “flow-through” or “pass-through” tax benefits of those other entities.
Some of the most frequently asked questions we get from... Read >
Author: borsaplan16th March 2009
Do you own a corporation but don't think you'll complete the 2008 corporate income tax return by the March 16 deadline? This article explains how to file an extension without a hitch, giving you until September 15 to file the return.
If your small bus... Read >
Author: Wayne M. Davies13th March 2009
This article is for small business owners who currently run their business as a C corporation or limited liability company (LLC). If you fall into either of those categories, read on to find out why filing Form 2553 by March 15 could be the best thing you... Read >
Author: Wayne M. Davies10th March 2009
If your small business is a corporation, March 15 is the most critical tax return deadline of the year - even more important than April 15. Find out why in this article.
First, some good news. The March 15 deadline is actually March 16. Go ahead and br... Read >
Author: Wayne M. Davies06th March 2009
For years smaller businesses used the structure of an S-corporation to benefit from “pass-through taxation” while avoiding the double taxation imposed on a C Corporation. Then in 1988 the IRS decided to get in sync with several states which had passe... Read >
Author: mgordon03rd March 2009
Businesses can operate as various different types of legal entities. The entity you choose depends on your business- your tax concerns, level of liability protection, personal finances, and long term business goals will all impact the decision. The most ... Read >
Author: Resource Nation02nd March 2009
Looking for an effective tax reduction strategy for your small business? This article explains how to reduce your taxes by choosing to be taxed as an S corporation.
Question: What do all the following small business owners have in common? 1) C corporat... Read >
Author: Wayne M. Davies23rd February 2009
Are you a small business owner who's frustrated about taxes? You face a mind-boggling array of choices when it comes to figuring out what is and is not deductible on your income tax return each year. And just when you think you've got this tax system figu... Read >
Author: Wayne M. Davies31st January 2009
Steps that you need to take on the way to set-up your consulting business ---
Choose your legal structure-- It is best to formalize your business structure right from the beginning, both for the legal and the tax considerations.
The basic business en... Read >
Author: Renjo23rd January 2009
Copyright (c) 2009 William Piner
A greeting to you all my friends, it is time to write another year end tax planning article. What shall we discuss? What can I tell you all that will offer some sort of financial revelation helping with both your income... Read >
Author: Ron Piner, CPA08th January 2009
Trying to get a handle on the complex world of small business taxes? There are plenty of good resources available, both online and offline, for free and not-so-free.
I'm assuming you want to postpone spending any money on a topic you may prefer not to ... Read >
Author: Wayne M. Davies06th January 2009
As a new entrepreneur or small business owner, it can become a daunting task to determine the legal stance of your business. Corporations are favored because unlike sole proprietorships and partnerships, corporations provide liability protection. The busi... Read >
Author: Joe Cline19th December 2008
The advantages are incorporating your small business are many.
For starters, you'll be protecting yourself and your family from the possibility of a business ending lawsuit. Forming a corporation is Step One on the path known as "Asset Protection" -- y... Read >
Author: Wayne M. Davies19th December 2008
Incorporation of a small business produces tons of great benefits. Often, the small business saves taxes by incorporation. And in almost all cases, the small business owners reduce their business risk by incorporation.
In spite of all the great benefit... Read >
Author: Stephen L. Nelson18th December 2008
Lately, I've had a lot of people asking me whether they should incorporate their business and if so, what form of entity to use. Of course, there is no universal answer. If there was, there'd be only one kind of business entity.
Before we talk about w... Read >
Author: Alexis Martin Neely18th December 2008
Last week, we talked about what a business entity is and whether you should use one for your business, .. the short answer? Yes, if you want to grow your business and shield your personal assets from your business activities.
This week, we'll cover wha... Read >
Author: Alexis Martin Neely17th December 2008
For the small business owner or self-employed person, both the sole proprietorship and the general partnership put you in the world of unlimited liability.
All your personal assets are at risk. A business-related accident or lawsuit could literally wip... Read >
Author: Wayne M. Davies10th November 2008
Whether or not you voted for Barack Obama, if you're a successful business owner, you probably want to plan now to minimize the increased business taxes an Obama administration seems sure to implement. A bit of upfront tax accounting and planning could ea... Read >
Author: Stephen L. Nelson23rd October 2008
A limited liability company (which is commonly abbreviated as LLC) offers limited liability to its owners as a legal form of business company in the United States. Many small business owners are drawn to this type of business formation because it offers l... Read >
Author: Thomas15th September 2008
Tax elimination is my favorite type of tax planning because it permanently reduces taxes. A lot of tax planning is focused on just temporarily reducing taxes, this means you pay less tax today but will pay more in the future. In other words, the tax is ... Read >
Author: Tom Wheelwright06th September 2008
When used correctly, C Corporations are a great way to supercharge a tax strategy. I find that when my clients make the most of their C Corporations, they reduce their taxes by a minimum of $10,000 every year.
- The Biggest Mistake With C Corporations... Read >
Author: Tom Wheelwright22nd August 2008
5 Big Mistakes to Avoid When Building Business Credit
There are countless entrepreneurs today operating their businesses in a manner that puts them at great personal risk—risk of being hounded by creditors, poor financing offers on new cars, and even ... Read >
Author: Trent Lee14th August 2008
Business owners often assume that a traditional corporation, or "C corporation," provides a good platform for saving money and growing wealth. As a result, these individuals do their investing inside their C corporations.
Superficially, this wealth-bui... Read >
Author: Stephen L. Nelson29th July 2008
Introduction - s vs c corp
Self-Employment Taxes - C corporation vs S corporation
One of the main reasons people set up an S corporation or make the S corp tax election for their LLC is to save self-employment taxes.
The tax rate is 15.3% up to $... Read >
Author: Nick Braun EA PhD29th July 2008
Introduction
Tax Treatment
LLCs enjoy very favourable tax treatment. They don’t have their own set of tax rules and there’s no such thing as an LLC tax return. What makes them special is that members can choose how the business is taxed.
A si... Read >
Author: Nick Braun EA PhD29th July 2008
Introduction - S corp vs C corp
The difference between C corporations and all the other entities is that C corps pay their own tax – they are not pass-through entities.
The corporation pays corporate income tax on its profits at the following ra... Read >
Author: Nick Braun EA PhD22nd July 2008
Introduction
There are two types of corporations:
•S corporations, and
•C corporations
We will take a close look at the drawbacks and S corporation advantages, also known as S corps.
S corps offer limited liability and simple tax treatmen... Read >
Author: Nick Braun EA PhD18th July 2008
Incorporating a business often makes good legal and tax sense. Absolutely.
But new entrepreneurs need to know that a handful of incorporation scams often ensnare small businesses. And that is truly unfortunate. Getting entangled in an incorporation sca... Read >
Author: Stephen L. Nelson02nd July 2008
A C Corporation is the only business structure that is never a pass-through entity.
The difference between C corporations and all the others is that c corporations are completely separate C Corp tax entities. This means you don’t pay the business taxes... Read >
Author: Nick Braun EA PhD02nd July 2008
Both sole proprietors and partnerships can convert to a limited liability company. Owners of LLCs are called members, not shareholders.
Until recently some states did not allow one-member LLCs . This is no longer the case. One-member LLCs are allowed i... Read >
Author: Nick Braun EA PhD20th June 2008
Running your small business as an LLC or limited liability company? Installing the QuickBooks accounting software in your situation can be complicated. But in a sense, that's a good thing. The complexity comes from the financial flexibility that your limi... Read >
Author: Stephen L. Nelson13th June 2008
Small business owners usually minimize their taxes by operating as a sole proprietorship, partnership or S corporation. Or by operating as a limited liability company taxed as a sole proprietorship, partnership or S corporation.
However, even though C ... Read >
Author: Stephen L. Nelson04th June 2008
The Limited Liability Company (LLC) is a terrific tax entity. The number one reason is its flexibility. Specifically, an LLC can be taxed as:
a sole proprietorship
a partnership
a C corporation
an S corporation
An LLC is not a tax entity, it is... Read >
Author: Tom Wheelwright08th May 2008
Corporations
Corporations are a legal entity owned one or more shareholders. They can be private or public like Ford, Microsoft, Federal Express, etc.
As a real estate investor, you can create your own private or closely held corporation by filing a... Read >
25th April 2008
There are several decisions to consider when forming a business entity; it is important to be familiar with the tax ramifications of a given business entity before it is filed with the designated state agency. Forming an S-Corporation is one of several op... Read >
Author: groshan fabiola06th April 2008
Business litigation can definitely change the course of one’s business in LA County. Oftentimes, this could affect a company’s operations and endanger its financial security. In this respect, it is important to protect a company's assets in order to a... Read >
Author: Mesriani Law Group02nd April 2008
The primary need for starting a new business is capital resources. Though friends and families and your savings (if you have any) do pitch in, new business loans are a better idea.
Banks are conservative when it comes to lending money, more so if your... Read >
Author: Todd Kalb01st April 2008
Your partner, Uncle Sam, through the federal income tax and his State and Local Tax buddies (lovingly called your “Tax Partners”) are excited about getting their share of your business profits (and salary income) right about now. If you are like most... Read >
Author: Greg Caruso28th March 2008
The primary need for starting a new business is capital resources. Though friends and families and your savings (if you have any) do pitch in, new business loans are a better idea.
Banks are conservative when it comes to lending money, more so if your... Read >
Author: Todd Kalb26th March 2008
The Limited Liability Company (LLC) is a terrific tax entity. The number one reason is its flexibility. Specifically, an LLC can be taxed as:
- a sole proprietorship
- a partnership
- a C corporation
- an S corporation
Do you know how your LLC is... Read >
Author: Tom Wheelwright12th February 2008
Death and taxes are those two things you can never escape. When forming a corporation, making your tax year designation is a fundamental step you need to take carefully.
Taxes are defined by something magical known as the fiscal year. It is a 365 day ... Read >
Author: Richard Chapo19th January 2008
by Paul Thornton,
Carts and Grills Inc.
www.cartsandgrills.com
Many people in the frozen dessert industry – particularly the independent operators – struggle with not just a seasonal cycle, but managing the inherent growth potential of their cur... Read >
Author: Paul Thornton06th November 2007
The question of why to incorporate a business has a simple answer: a corporation is a legal fiction that is used to protect the business owner's personal assets from being taken should the owner be sued. If you are a sole proprietor, you might be consid... Read >
Author: Wayne Hemrick01st November 2007
Copyright (c) 2007 Juli WalshThe mere thought of an audit or a lawsuit strikes abject terror in the hearts of most small business owners. No one wants to find their business the target of an IRS audit – in fact, most of us shudder at the mere mention o... Read >
Author: justaminutellc30th October 2007
Building business credit can be accomplished regardless of your personal credit history. Business credit is essential in conserving cash flow, keeping track of business expenses and more importantly, protecting personal assets and personal credit history.... Read >
Author: Lisa Phillips30th October 2007
Incorporating a business is not difficult it can be done online or physically. Anyone who has a business can incorporate his business irrespective of size. There are many types of corporations available in the US so before you incorporate your business le... Read >
Author: Arthur Raise22nd August 2007
The corporate entity is a very popular one with most businesses. Although traditional “C” corporations are frowned upon for small businesses, “S” corporations are viewed more favorably.
So, just what are “S” and “C” corporations? The te... Read >
Author: Richard Chapo16th June 2007
Why the LLC could be the Best Tax Option for Your Start-up Business.
Your start-up business is taking off. In fact, you just got your first check.
Now, you need to get that money in the bank.
You don't have a business bank account? How are you ... Read >
Author: Todd Jensen12th March 2007
There are three types of tax that you will be responsible for when you start your eBay business. They are 1) sales and use tax, 2) payroll tax and 3) income tax.
Sales and use tax - Just about every state, and many cities and other local authorities, ... Read >
Author: Kristine McKinley01st February 2007
If you are contemplating forming an entity for your business, there is a lot of information to consider. Here are some of the more esoteric things you will not see discussed in most how to guides.
The Next Google – Ambition and hope are the two attr... Read >
Author: Richard Chapo18th January 2007
It’s very simple, how the rich hide their assets is not to hide them at all.
The rich use laws to protect their assets. They use legal entities created under the different laws, trust laws, corporate laws, partnership laws, and tax loopholes availab... Read >
Author: Rocco Beatrice10th January 2007
1. Executive Summary –Brief information about your credentials and the business you are intending to start and the location.
A.) The Business- What is the business all about? Give full detail.
B.) The Customers – Who are the customers you are goin... Read >
Author: Paul Kopp09th January 2007
As you may know, there are two types of corporations for tax and legal purposes. The “C” corporation is a more formal structure than the “S” corporation and taxed differently.
Converting from a C Corp to an S Corp
When forming a business en... Read >
Author: Richard Chapo13th July 2006
Copyright 2006 Konstantin Goudkov
Now that you're ready to set up a shop and call yourself an entrepreneur, the next thing you have to decide is the business structure you're going to use.
Your business structure will decide what kind of taxes and h... Read >
Author: Konstantin Goudkov18th June 2006
When forming your new business structure, you must consider the best possible alternative of the available business structures. While a sole proprietorship is the easiest type to create, there is no separate identity. Personal liability belongs to the o... Read >
Author: Nancy Woodward03rd June 2006
It is now possible to control your retirement investments. You can determine for yourself what the best investment option is for your retirement funds. By making the decision to setup a self directed IRA you gain complete checkbook control over your IRA. ... Read >
Author: Robert Hubbard21st May 2006
One of the biggest challenges for anyone working at home is establishing healthy boundaries. In general, boundaries exist to create space between two things, or to stop one thing in its tracks before it interferes with something else. You are gonna need... Read >
Author: Alyson Mead20th April 2006
There are three main areas we need to keep in mind as the year ends:
1. Taxes
2. Corporate formalities
3. Planning for next year
The power of documentationshifting the burden of proof
For those who have an LLC (opposed to a sole proprietorship, ... Read >
Author: Drew Miles02nd April 2006
Should you operate your business as a corporation? Or is there another, simpler alternative? You've probably noticed that in the past decade there are more and more businesses with their names followed by the letters "LLC" instead of "Inc.". "LLC" stan... Read >
Author: Germaine A Hoston16th February 2006
25 years ago the world was a different place. Ronald Reagan was starting his first term as President, MTV had not yet forged its way into America's living rooms and information technology was another way of saying "can you pass me that floppy disk?" 25 ... Read >
Author: Mark Wullert20th September 2005
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" Corporation: A corporation whose shares are held... Read >
Author: Richard Chapo28th August 2005
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, it may serve to open your eyes to the value of ... Read >
Author: Richard Chapo28th August 2005
Statistics show that many businesses will fail. If you can survive the first two years, chances of your business succeeding go up dramatically. But what if you don't make it? If you have a "C" corporation, you may get a tax break.
"C" Corporation
T... Read >
Author: Richard Chapo28th August 2005
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" Corporation
The "S" in S corporation refers primarily to a tax designation. While electing to be an S ... Read >
Author: Richard Chapo10th August 2005
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 business must then chose a tax status, to wit, "C", "... Read >
Author: Richard Chapo10th August 2005
When starting or expanding a business, many owners wonder if they should form a business entity and, if so, which one they should use. There is a wide variety of information and "pitches" being made on the Internet regarding the benefits of certain entiti... Read >
Author: Richard Chapo
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