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RECENT ARTICLES
Spouse on Payroll: Genius Tax Hack or S Corp Pitfall? Unlocking the Secrets
December 20, 2023 12:12 pm by LawInc Staff
Having your spouse on the S corporation payroll can be advantageous for tax purposes if done correctly and strategically. Tax benefits include paying less overall, qualifying for deductions, and optimizing...
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Launching a Startup in California: A Legal Roadmap
December 09, 2023 02:12 pm by LawInc Staff
With California being home to Silicon Valley and a hub of innovation, it attracts countless entrepreneurs looking to build disruptive startups every year. However, navigating the legal landscape can be...
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Cybertruck and S Corporations: An Electric Combo for Business Taxes
December 08, 2023 02:12 pm by Zach Javdan
When it comes to electric pickups, Tesla’s long-teased Cybertruck has revved up a lot of chatter. Its recent customer deliveries and angular styling definitely turn heads. But beyond the hype...
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How Your Corporation or LLC Can Send You to Prison
December 02, 2023 05:12 pm by LawInc Staff
With over 6 million corporations and limited liability companies (LLCs) formed in the U.S. annually, business entity creation is ubiquitous. However, the recent Corporate Transparency Act (CTA) imposes new federal...
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How Forming an S Corporation and Buying a Tesla Model X Can Save You Thousands in Taxes
September 29, 2023 08:09 pm by LawInc Staff
In the ever-evolving landscape of electric vehicles, Tesla continues to make waves, not just with its groundbreaking technology but also with its strategic pricing decisions. The recent announcement of a...
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Why Corporations & LLCs Must Prepare for the Corporate Transparency Act Now
September 12, 2023 07:09 pm by LawInc Staff
The Corporate Transparency Act (CTA) represents a significant shift in the business regulatory landscape, designed to bolster transparency and counteract money laundering, terrorism financing, and other illicit financial activities. As...
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Incorporation Attorney: 5 Critical Advantages
January 21, 2023 07:01 pm by LawInc Staff
Incorporation attorneys play a crucial role in ensuring that your C corporation or S corporation is established correctly from the outset. Many individuals and businesses opt for the “do-it-yourself” approach...
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California S Corporation: Dangerous Formation Mistakes
January 10, 2023 07:01 pm by LawInc Staff
California S corporations offer great benefits like limited liability protection and tax savings. Unfortunately, many S corporation owners often miss critical steps during the incorporation process which can lead to...
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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...
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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....
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