7 Reasons a Startup Should Not Be an LLC
BY Admin | July 31, 2017You may have heard that limited liability companies (LLCs) are excellent business structures because of their many benefits, including simplicity, certain tax advantages, asset protection. It is true that LLC benefits can be a perfect combination for some businesses. However, an LLC will not work for every startup, and business owners should not assume that…
FAQs About S Corporations
BY Admin | July 25, 2017There are two types of corporations—C Corporations and S Corporations. When most people think of a corporation, their mind automatically goes to a traditional C Corporation, although they may not realize it. While both entities are remarkably similar, they have some significant differences as well. If you are starting a business, you may want to…
Private Corporations, Asset Protection, & Tax Reductions
BY Admin | May 24, 2017Not all corporations are created equal. When many people hear the term “corporation,” they often think of a huge business with hundreds or thousands of shareholders and thousands or even millions of dollars in profits. While this is true of some corporations, most corporations in the United States do not fit this description. In fact,…
When You Owe Taxes to the IRS
BY Admin | April 15, 2017No one likes having to pay in at tax time, which is why tax planning all year-round is essential. Even when you cannot avoid paying in, you still have options when you owe additional taxes to the IRS. You may be able to pay the debt over time, work out an arrangement with the IRS…
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