Articles, tagged with "double taxation", page 4
13th 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...
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Author:
Wayne M. Davies
02nd 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...
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Author:
Wayne M. Davies
23rd February 2009
The process of incorporating a business is called business formation or company registration in UK. Due to this process a company or a business firm gets legal existence in the market. This legal existence of the business named as Corporation. Incorporati...
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Author:
Rudtadatta Rath
05th February 2009
If you're a business owner with a sole proprietorship, you might be wondering whether it's time to incorporate your business. Lots of sole proprietors crave adding the coveted title of ‘corporation' to their business, but few understand the advantages a...
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Author:
mgordon
19th 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...
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Author:
Wayne M. Davies
19th December 2008
An LLC is a legal form of business that has characteristics of both corporations and a partnership. This form of business offers limited liability protection to its owners. In other words the owners of the business cannot be held fully responsible for any...
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Author:
Cash Miller
17th 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...
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Author:
Wayne M. Davies
18th November 2008
It is essential to get a hold on your taxation status immediately after moving abroad, especially if you are planning to settle there for a prolonged period. In fact, the taxation status of an individual can often dictate the amount of tax he/ she will pa...
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Author:
Aliceshown
23rd 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...
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Author:
Thomas
09th September 2008
As an independent consultant, you're in business for yourself, and therefore have all the increased tax burdens that come with being a business owner. Fortunately, there are strategies that can help reduce your tax liability.
The biggest tax burden ...
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Author:
arstringfellow
29th 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 rate...
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Author:
Nick Braun EA PhD
29th July 2008
For those foreigners wishing to buy a Malta Property, there are several benefits under the Residents' Scheme Regulations which they can benefit from. Applicants must have an annual income of at least Lm10, 000, or must own capital worldwide exceeding L...
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Author:
Albert Saliba
21st July 2008
What is a Limited Liability Corporation?
Limited Liability Company (LLC) is a cross between a Partnership and a Corporation. It combines the benefits offered by a Partnership with the advantages of a Corporation. Compared to the two, LLC is also easi...
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Author:
Mesriani Law Group
02nd July 2008
Many businesses start life as an s-corp and when profitable become c corps to benefit from income splitting and fringe benefits. Alternatively they form an LLC which is simpler to form and operate but offers the same personal liability protection.
S co...
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Author:
Nick Braun EA PhD
15th May 2008
Choosing the right legal structure for your company is one of the most important decisions you will have to make when starting a business. Why is this decision so critical? The business structure that you choose will affect how much you pay in taxes, the ...
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Author:
Akhil Shahani