Under the Illinois Gambling Act, the applicant for an Owner’s, Organisation Gaming or Supplier’s licence is required to complete an application form and submit an application fee. In addition, any individual or business entity that qualifies as a Key Person must also submit a disclosure form ...
On the other hand, filing as an S corp (which is short for “Subchapter S Corporation”) offers both pass-through taxation and the potential to save money on self-employment taxes. It does this by allowing you to be an “employee-owner” and split your income into your salary and your...