CPAs are often trusted because of their accreditation, not because of what they can do. This sounds harsh but is simply the truth. Taxes for a business are not equivalent to personal taxes. Like Medical professionals, each CPA can have a different “specialty” and not all are equal in their Read more…
The Advantages of C Corporations Forming a C Corporation does have several benefits: A C Corporation has Limited Liability Because a C Corp is a separate legal entity, the liabilities of the business are separate from the liabilities of the directors, investors and shareholders. Generally, the owners of a C Read more…
If you don’t know much about C Corporations, you can read more in our articles about their pros and cons or just increase your general understanding in our basic guide to C Corporations. How Do Profits And Taxes Work With A C Corp? A C Corporation is taxed as a Read more…
A registered agent, or agent for service of process (SOP), provides a legal address within the jurisdiction where legal documents may be served during business hours. It is the registered agent’s duty to receive and forward that service of process to the entity’s designated contact, usually a company’s legal team or Read more…
Pros of an S Corp S Corporations offer several advantages if your company qualifies: Tax advantages: S Corporations are exempt from federal income tax except for certain capital gains and passive income. Similar to the LLC, the S Corporation allows profit to pass through to its shareholders, and the income Read more…
The LLC structure has many benefits that make it perfect for a wide variety of companies. However, there are also some disadvantages to creating an LLC. Here are some of the biggest pros and cons to keep in mind. Pros of Starting an LLC Limited Liability Protection By forming an LLC, Read more…
Unlike traditional C Corporations, also called C Corps, the S Corporation is not subject to corporate income taxes. Instead, the S Corporation receives different treatment for tax purposes that is generally more favorable to the business owner. The S Corp is a pass-through entity for tax purposes, similar to the LLC. This Read more…
What Is a C Corporation? A C Corporation is one of several ways to legally recognize a business for tax, regulatory and official reasons. A C Corp is simply a way to structure ownership of a business, and contrasts with other popular business structures including Limited Liability Companies (LLCs), S Read more…
If you are like most business owners out there, you are working tirelessly to turn your business dream into a reality. As this happen and your company grows, your tax rate and responsibilities tend to grow as well. Growing companies face a variety of complexities during tax season, and that’s Read more…
Forming an LLC can help do that — but is it the best business entity choice for you? If you have questions, read below to see if this is the right path What is an “LLC”? The abbreviation “LLC” stands for limited liability company. The name refers to one of Read more…