Aside from its tax status, an S corp is similar to any other corporation, orC corporationas they’re officially known. An S corp is a for-profit company, incorporated under and governed by the same state corporation laws. It offers similar liability protection, ownership, and management advanta...
Before we go over how to form an S corporation, you should be aware of the requirements and limitations for filing as an S corporation. To qualify for S corporation status, the IRS says your business must: Be a domestic corporation or LLC ...
Choose a business name:You’ll need to choose a unique name for your business, one that is not being used in your jurisdiction. Many state and local governments provide an online tool tocheck for name availability. Register your business name:Once you have chosen a name, you can register ...
–Bringing staff from abroad has become increasingly difficult over the past two US administrations unless those staff have highly specialized skills which you can prove are not easy to acquire by hiring US employees (i.e. your staff would qualify for an O-Series Visa 1, 2, or 3) ...
Starting and running a nonprofit is a meaningful way to build a business while making positive change in society. But beyond your vision for creating impact, you’ll need to handle some complex logistics at first. Getting your nonprofit corporation off t
Please see How long does it take to get an LLC in California to check for any delays. Here are the steps to forming an LLC in California 1. Search your LLC Name Search your LLC Name to make sure it’s available in the state. You need to do this because two businesses in the state...
In some circumstances, the IRS may grant “relief for a late election.” That is, they may allow your S-corp election to be effective for a given year, even if you did not file Form 2553 within the first two months and fifteen days of that year. In order to qualify for such relief...
An analysis of the tax and valuation attributes of scenic easements. The article provides valuation criteria for appraisers to help them ensure that their clients' scenic easements qualify as charitable deductions for income ... TD Englebrecht - 《Theappraisalinstitute》 被引量: 1发表: 1999年 Th...
Glad to have you back, @amoskovitz. Yes, you are correct. The health insurance premium is a company expense and a payroll liability. To track this, all you have to do is to create an account for the insurance premiums. Generally, this is an Othe...
Please see How long does it take to get an LLC in Texas to check for any delays. Here are the steps to forming an LLC in Texas 1. Search your LLC Name Search your Texas LLC Name to make sure it’s available in the state. You need to do this because two businesses in the state...