Preparing the S corporation’s tax returns (Form 1120S) Since the IRS is a huge organization, the right hand doesn’t always talk to the left hand. Shocking, we know. Additionally, the IRS is bound by regulation to process Form 2553s within 60 days. However, they don’t, and they ar...
For C corporations (the default form of corporation), it can be a way to avoid double taxation. While both S Corps and LLCs offer limited liability protection, there are other key differences in taxation and ownership structures that businesses should consider. See S Corps vs LLCs or S ...
Infographic: Requirements for S-Corporation Status Here's a quick reference for the requirements of having S-Corp status for your corporation, along with the advantages and disadvantages. Since 1981, Harvard Business Services, Inc. has helped form 432,754 Delaware corporations and LLCs for people ...
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A limited liability company (LLC) and corporation are two different company structures with very different tax requirements. No matter which entity type you choose, being incorporated adds legitimacy to your business, specifically, the way your business is perceived in the marketplace. Take a minute...
June 28, 2023 |InLLC Establish Your Business Now Get started by selecting the right legal structure for your business. Next, all you need to do is fill out a simple application Select Entity Type
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