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Author Archives: admin
Choice of Business Entity – S Corporation or LLC?
As an attorney specializing in business organization, I have often been asked by my clients whether they should form an LLC or a corporation, specifically an S corporation. Well, that depends. In fact, it depends upon a lot. Most of … Continue reading
Posted in Comparisons
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Limited Liability Company – LLC
The LLC has become the most popular choice to incorporate because it provides limited liability protection, is easier and more flexible to operate, and has fewer formalities. Personal liability is limited to the amount of capital invested by the member … Continue reading
Posted in LLCs
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Common Question About LLC's
The limited liability company is a popular business entity for small businesses. Here are some common questions and answers regarding the entity. LLC stands for limited liability company. The entity was first created in Wyoming in the late 1970s, but … Continue reading
Posted in LLCs
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C Corporation and S Corporation Comparison in Easy Terms
Most small business owners understand the main benefits of creating a corporation online or filing the articles of corporation online. However, there lies a distinction between the two types of corporation that can be filed online. The typical type of … Continue reading
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S Corporation vs LLC- Which is Better?
"S Corporation or LLC?" is a common question for new business owners. I have several people call me each week asking this. I always tell them the question is impossible to answer. And here's why. An LLC is chameleon for … Continue reading
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S Corporations versus C Corporations
S corporations and C corporations each have advantages and disadvantages. Their suitability depends on your individual needs. Choosing the right one for you depends on what type of business you own, and how much profit the business produces. If your … Continue reading
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S Corporation Forms
An S corporation is a type of corporation that the IRS recognizes. S corporations follow taxation rules that differ from those that regular corporations follow. A main difference is that S corporations are exempt from double taxation. This is because … Continue reading
Posted in Corporations, Subchapter S
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Benefits of S Corporations
The owners of any business, irrespective of the size, can benefit from incorporating. With the Tax Reform Act of 1986, the S Corporation became a highly desirable entity for corporate tax purposes. An S Corporation is a special tax designation … Continue reading
Posted in Corporations, Subchapter S
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Forming an S-Corporation
An S corporation is a corporation that has obtained an additional status at the IRS. There are restrictions as to who may file as an S Corporation. It must be a domestic company S corporations cannot have more than 100 … Continue reading
Posted in Corporations, Subchapter S
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S Corporation Requirements
S Corporation is an elective provision that permits small business corporations and their shareholders to elect special income tax treatment. To become S Corporation or Small Business Corporation, the IRS has several special requirements. The corporation must timely file IRS … Continue reading
Posted in Corporations, Subchapter S
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