The magical application of Section 1202 for C corporation shareholders seems too good to be true, with millions of tax dollars being saved. However, after the significant corporate tax rate reduction ...
In their article “Now Is the Time: Converting a C Corporation to an S Corporation or LLC” (The Tax Adviser, Aug. 2012, page 534), authors Michael Lynch, David Casten, and David Beausejour present a ...
Most business owners understand the importance of selecting the optimal corporate structure and tax status for their companies, but fewer know about the process, benefits and potential pitfalls of ...
When deciding what type of business you should start, the options can seem overwhelming. Two of the most common types of U.S. business structures are C corps and LLCs. A C corp is a company that can ...
A C corporation is a limited liability entity that allows an unlimited number of investors. Many, or all, of the products featured on this page are from our advertising partners who compensate us when ...
S-corps and C-corps have very different pros and cons when it comes to taxes, formation and who the owners are. Many, or all, of the products featured on this page are from our advertising partners ...
The owners of a closely held business are generally free to select the form of business entity through which they will operate their business. In most cases, hopefully, the decision to operate as a ...
While a 1099 can be issued for a variety of reasons, its most common use is to report non-employee compensation. Both C and S corporations can have employees who receive a W-2 statement and other ...
An S corp and C corp share a number of similarities. They are both types of corporations recognized by the IRS. They can also both raise funds by issuing stock to shareholders. However, S corps are ...