Corporations

Navigate the world of corporations with ease. Find essential insights, expert advice, and practical tips tailored for C and S corporations. Whether you're starting a new corporation or have an existing entity, we've got you covered every step of the way!

RECENT ARTICLES

Starting an S corporation

Start an S Corporation?

January 02, 2023 07:01 pm by LawInc Staff

Want to start an S corporation for liability protection and tax savings? Eligibility To qualify to form an S corporation (also known as a small business corporation), your corporation must have 100...

California Physicians Cannot Use LLCs to Engage in the Practice of Medicine

Can California Physicians use LLCs to Practice Medicine?

December 29, 2022 08:12 pm by LawInc Staff

Are you a California physician, starting a private practice, and looking for additional liability protection and tax savings? California Physicians Cannot Practice Medicine Using LLCs While most people in California are permitted...

loan-out corporations

What is a Loan-Out Corporation?

December 27, 2022 04:12 pm by LawInc Staff

Are you a freelancer considering forming a loan-out corporation for tax savings and liability protection? Typically Used by Freelancers Loan-out corporations (also known as loan-out companies) are usually used by freelance workers...

Always Use an Incorporation Attorney When Forming a Corporation

Incorporation Attorney Benefits

June 26, 2022 02:06 pm by LawInc Staff

In an attempt to save money, many new business owners avoid using an incorporation attorney and choose to either incorporate on their own or use an unqualified document filing service....

S Corporation Tax Savings

How to Save Thousands in Taxes With an S Corporation

January 06, 2022 11:01 am by Bryan Kesler, CPA

It’s a well-documented fact that over 70% of businesses in the USA comprise sole proprietorships. This means that they are a single-owner enterprise, with the owner functioning independently. Sole proprietorships...

FinCEN Beneficial Ownership First Rule

Treasury Issues Historic Business Ownership Reporting Rules Impacting Millions

December 08, 2021 11:12 pm by Zach Javdan

Today, the U.S. Treasury Department’s crimefighting division, the Financial Crimes Enforcement Network (FinCEN), published a notice of proposed rulemaking (NPRM) concerning the Corporate Transparency Act (CTA), which is intended to...

How to Form an LLC Taxed as an S Corporation

How to Form an LLC Taxed as an S Corporation

November 23, 2021 11:11 am by LawInc Staff

The phrase “LLCs taxed as an S corporation” is a frequent source of confusion. The reason is that LLCs (also known as Limited Liability Companies) are technically different entity types than...

Significant Penalties Appy under the Corporate Transparency Act

Corporate Transparency Act Penalties: $500/Day & Prison Time

November 10, 2021 03:11 pm by Zach Javdan

Since significant penalties are associated with willful noncompliance with the Corporate Transparency Act, it is important to comply if you have an existing corporation or LLC in the United States....

Forming a California Professional Medical Corporation

How to Form a California Medical Corporation

February 19, 2021 01:02 pm by Zach Javdan

Forming a California medical corporation is a great way for California doctors to, among other things, save on taxes (via an S corporation) and help limit liability. It’s important to...

Forming a California Professional Nursing Corporation

How to Form a California Nursing Corporation

December 30, 2020 08:12 pm by Zach Javdan

Forming a California nursing corporation is a great idea for California nurses looking to save on self-employment taxes and receive additional liability protection. Here are the steps you should take if...