Choosing the right type of entity is a multifaceted analysis. It necessarily depends on a variety of factors, including business objectives, type of business, desire for liquidity...
Posted by Unifirst Financial & Tax Consultants on 09/21/2020
There are two ways a business can make or lose money. You can profit from your sales activities or lose money by spending more than what you earn from sales. You can also earn or lose...
Posted by Dennis Jao on 09/18/2020
There are many reasons a small business might decide to convert their C Corporation to a limited liability company. Although many do this to avoid double taxation and also protect...
Posted by Aurelia E Weems CPA on 04/02/2020
The details on how to turn your small business from a C Corp to an LLC vary depending on several factors. While we may not be able to see all of the possible scenarios, here are some...
Posted by Larry Kenneth Hurt on 02/25/2020
Owners of small businesses want to change their C corporation to a limited liability company or LLC to be able to avoid double taxation while keeping personal assets safe from business...
Posted by The TaxAdvocate Group, LLC on 02/25/2020
When a business is first organized, the structure of the company determines how earnings are taxed. There are various types of business entities, including a sole proprietorship, partnership,...
Posted by Fletcher Accounting and Tax Service Inc. on 12/20/2017
When you start a business or change its structure, one of the most common options that business owners evaluate is the creation of an S corp (S corporation) or C corp (C corporation)....
Posted by BRIAN PRZYSTUP & ASSOCIATES LLC on 10/01/2019
A C Corps is a business term used to distinguish one type of entity from the other because its profits are taxed separately from its owners under Subchapter C of the Internal Revenue...
Posted by rinehimerbaker on 02/28/2019
Bases for asserting jurisdictions Who to tax? What income to tax? Personal relationship between a taxpayer and the country This concept also applies to corporations and other type...
Posted by The Accounting and Tax on 10/13/2015
