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Articles, tagged with "s corporation", page 1
Business Law
Much like a corporation, LLC owners have some protection from being personally liable for business debts. LLC's are relatively new form of ownership and is quickly becoming the entity of choice. First recognized by the IRS in 1988, LLCs offer the limited ...
Author: lawinc
LLC Formation, medium between small partnerships and a corporation
14th April 2010Much like a corporation, LLC owners have some protection from being personally liable for business debts. LLC's are relatively new form of ownership and is quickly becoming the entity of choice. First recognized by the IRS in 1988, LLCs offer the limited ...
Author: lawinc
Trusts
The benefits of an intentionally defective grantor trust (“IDGT”) are well known. First, the grantor’s payment of the trust’s income taxes is essentially a tax-free gift to the beneficiaries of the trust. Rev. Rul. 2004-64. Thus, the assets in the trust g...
Author: Julius Giarmarco, Esq.
Intentionally Defective Beneficiary Trusts
26th March 2010The benefits of an intentionally defective grantor trust (“IDGT”) are well known. First, the grantor’s payment of the trust’s income taxes is essentially a tax-free gift to the beneficiaries of the trust. Rev. Rul. 2004-64. Thus, the assets in the trust g...
Author: Julius Giarmarco, Esq.
Business Law
When setting up a new business, arm yourself with all the facts before deciding what form of entity to choose. Because, whichever entity you choose for your business will have financial, legal and tax implications. Business owners often narrow their ...
Author: Lacy Katzen
Your Business Decision: S-Corp vs LLC?
17th March 2010When setting up a new business, arm yourself with all the facts before deciding what form of entity to choose. Because, whichever entity you choose for your business will have financial, legal and tax implications. Business owners often narrow their ...
Author: Lacy Katzen
Business Law
Choosing a right structure of new company is a vital decision that needs detailed analysis of pros and cons of each available option in terms of your current and future business needs. Before we start working on forming a new corporation, let us have a q...
Author: Amy C
How to Form a Corporation - Step by Step Expert Guide on How to Incorporate Your Business!
23rd November 2009Choosing a right structure of new company is a vital decision that needs detailed analysis of pros and cons of each available option in terms of your current and future business needs. Before we start working on forming a new corporation, let us have a q...
Author: Amy C
Legal
Limited Liability Company (LLC) is a business structure that provides many advantages to its members such as: • Tax advantages. The taxes are acquired on each member's tax returns and there is no requirement to pay additional corporate taxes unlike i...
Author: Mesriani Law Group
The Advantages and Disadvantages of Limited Liability Company (LLC)
23rd July 2009Limited Liability Company (LLC) is a business structure that provides many advantages to its members such as: • Tax advantages. The taxes are acquired on each member's tax returns and there is no requirement to pay additional corporate taxes unlike i...
Author: Mesriani Law Group
Taxes
IRS Summertime Tax Tip 2009-02 Anyone starting a new business this summer should be aware of their federal tax responsibilities. Here are the top seven things the IRS wants you to know if you plan on opening a new business this year. 1. First, you m...
Author: kinal
Tax Tip: Top Seven Tips for Taxpayers Starting a New Business
19th July 2009IRS Summertime Tax Tip 2009-02 Anyone starting a new business this summer should be aware of their federal tax responsibilities. Here are the top seven things the IRS wants you to know if you plan on opening a new business this year. 1. First, you m...
Author: kinal
Legal
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 entity, ma...
Author: Richard Chapo
Converting from a C Corp to an S Corp
09th January 2007As 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 entity, ma...
Author: Richard Chapo