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
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...
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...
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...
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....
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...
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
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...
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....
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...
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...