Types of Business. Part II S Corporations and LLCs
|
|
- Martin Chandler
- 8 years ago
- Views:
Transcription
1 Types of Business Part II S Corporations and LLCs
2 Student Learning Objectives Describe features of the alternative forms of ownership such as S corporations and limited liability company.
3 Alternative Forms of Ownership In addition to the sole proprietorship, the partnership, and the corporation, entrepreneurs can choose other forms of ownership, including the S corporation, the limited liability Corporation (LLC), and joint venture. We will discuss S corporation and LLC in these notes.
4 The S Corporation The Internal Revenue Service Code created the Subchapter S corporation in An S corporation is a distinction that is made only for federal income tax purposes and is in terms of its legal characteristics, no different from any other corporation.
5 S Corporation Criteria It must be a domestic (U.S.) corporation. It cannot have a nonresident alien as a shareholder. It can issue only one class of common stock. It cannot have more than 100 shareholders. No more than 25% of the corporation s gross revenues during three successive tax years can be from passive investment income.
6 New S Corporation Laws By increasing the number of shareholders to 100, founders can now more easily pass their stock onto their children and grandchildren more easily. This also gives S corporations greater ability to raise capital by attracting more investors.
7 New S Corporation Laws This law also allows for S corporations to own subsidiary companies. Entrepreneurs can establish an S corporation as the parent company and then set up multiple subsidiaries as either S or C corporations as offspring under it. Can be used to divide different sectors of the corporation.
8 S Corporation Advantages S corporations retain all of the advantages of a regular corporation. Most notable provision of the S corporation is that it passes all of its profits or losses through to the individual shareholders and its income is only taxed once at the individuals tax rate. This avoids the double-taxation disadvantage of a corporation. S corporations owners also enjoy the ability to make year-end payouts to themselves when net income is high.
9 S Corporation Disadvantages Congress s constant tinkering with the tax code means that the tax advantages that the S corporation offers may not be permanent. One should consider these factors to make decision to move towards S corporation The size of the company s net profits The tax rates of its shareholders Strategic plans and their timing to sell the company or transition ownership
10 The Limited Liability Company The limited liability company (LLC) is a hybrid structure that features elements of a partnership and a corporation. Because of the advantages it offers and its flexibility, the LLC is the fastest growing form of business ownership. Although a LLC can have just one owner, most have multiple owners referred to as members.
11 Advantages of LLC LLC s provide owners with many of the benefits of S corporations but are not subject to the restrictions imposed. Members can still have limited liability risk and avoid the double taxation imposed on C corporations. Income flows through its members who are responsible for paying their own taxes.
12 Advantages of LLC LLC s permit its members to divide income, as well as, liability as they fit just like in a partnership. These advantages make the LLC an ideal form of ownership for companies in many diverse industries.
13 Creating a LLC Creating a limited liability company is much like creating a corporation. You must file the articles of organization with the secretary of state including: company s name, method of management, duration and names of members. Also, just like corporations, the company s name must include the wording of Limited Liability Company or LLC.
14 Operating Agreement The LLC operating agreement is similar to ta corporation s bylaws. The operating agreement must create an LLC that has more characteristics of a partnership than of a corporation to maintain its favorable tax treatment. It cannot have any more than 2 of the following corporate characteristics: Limited Liability Continuity of life Free transferability of interest Centralized management
15 LLC Disadvantages Despite their universal appeal to entrepreneurs LLC s do have some disadvantages Expensive to create Suited for launching a new company but costly to convert existing. Switching from general partnership or sole proprietorship to bring in new owners is usually not a problem, but S & C corporations can incur large tax obligations if they switch.
16 Questions???
Structuring Your New Business By Business Filings Incorporated
Structuring Your New Business By Business Filings Incorporated There are five common business structures entrepreneurs often consider as they start their businesses: sole proprietorship, general partnership,
More informationA person. who wants BACKGROUND. corporation. corporation. action, the. The C corporation. subject to. qualify to make. or certain
CHOOSING THE FORM OF BUSINESS ORGANIZATION A person who wants to start a business can choose from a variety of different types of business entity formations. For instance, a person can form a business
More informationTo Incorporate or Not to Incorporate? That is the Question. By Julia Sylva, Esq.
To Incorporate or Not to Incorporate? That is the Question. By Julia Sylva, Esq. There are many avenues that a company, new or old, may take in the formation of a business. This paper will discuss the
More informationDifferent Types of Corporations: Advantages/ Disadvantages of Corporations
Different Types of Corporations: Advantages/ Disadvantages of Corporations Article published at: http://www.morebusiness.com/getting_started/incorporating/d934832501.brc Anyone who operates a business,
More informationBusiness Organization\Tax Structure
Business Organization\Tax Structure One of the first decisions a new business owner faces is choosing a structure for the business. Businesses range in size and complexity, from someone who is self-employed
More informationCHOOSING THE RIGHT BUSINESS STRUCTURE
CHOOSING THE RIGHT BUSINESS STRUCTURE One type of business structure is not necessarily better than another, therefore, it is important to evaluate your needs now and into the future, and consider the
More informationChoice of Entity. Shareholders of publicly traded corporations can come and go with ease
One of the most important decisions facing a new business owner is the selection of the most appropriate legal entity for their new business. There are several options including C Corporations, S Corporations,
More informationBeginner s Guide to Business Entities
Beginner s Guide to Business Entities by NEIL PATEL on MARCH 31, 2010 One of the most important early decisions an entrepreneur must make in connection with his or her venture is the choice of entity.
More informationSHOULD MY BUSINESS BE AN S CORPORATION OR A LIMITED LIABILITY COMPANY?
SHOULD MY BUSINESS BE AN S CORPORATION OR A LIMITED LIABILITY COMPANY? 2015 Keith J. Kanouse One Boca Place, Suite 324 Atrium 2255 Glades Road Boca Raton, Florida 33431 Telephone: (561) 451-8090 Fax: (561)
More informationBusiness Organization\Tax Structure
Business Organization\Tax Structure Kansas Secretary of State s Office Business Services Division First Floor, Memorial Hall 120 S.W. 10th Avenue Topeka, KS 66612-1594 Phone: (785) 296-4564 Fax: (785)
More informationTypes of Business Ownership
Types of Business Ownership Sole Proprietorship A sole proprietorship is the easiest and simplest form of business ownership. It is owned by one person. There is no distinction between the person and the
More informationS CORP vs. C CORP vs. LLC: WHICH IS RIGHT FOR YOUR BUSINESS?
S CORP vs. C CORP vs. LLC: WHICH IS RIGHT FOR YOUR BUSINESS? One of the significant decisions you face when starting a company is deciding through which type of legal entity you will operate the business.
More informationChoosing the Right Entity for Maximum Tax Benefits for Your Construction Company
Choosing the Right Entity for Maximum Tax Benefits for Your Construction Company Timely re-evaluation of choice of entity will enhance the shareholder value of your contractor client By Theran J. Welsh
More informationINCORPORATING YOUR BUSINESS IS POTENTIALLY THE SINGLE MOST IMPORTANT THING A BUSINESS OWNER CAN DO
INCORPORATING YOUR BUSINESS IS POTENTIALLY THE SINGLE MOST IMPORTANT THING A BUSINESS OWNER CAN DO Mark D. Klein, Esq. KLEIN LAW CORPORATION 15615 Alton Parkway, Suite 175 Irvine, CA 92618 (949) 453-7979
More informationHow to Incorporate Your Business or Form a Limited Liability Company (LLC) Quickly and Easily 800-209-0128 WWW.INCORPORATE.COM WWW.LLC.
How to Incorporate Your Business or Form a Limited Liability Company (LLC) Quickly and Easily 800-209-0128 WWW.INCORPORATE.COM WWW.LLC.COM TABLE OF CONTENTS With help from the Company Corporation, incorporating
More informationDETERMINING THE BUSINESS ENTITY BEST FOR YOUR BUSINESS
DETERMINING THE BUSINESS ENTITY BEST FOR YOUR BUSINESS 2015 Keith J. Kanouse One Boca Place, Suite 324 Atrium 2255 Glades Road Boca Raton, Florida 33431 Telephone: (561) 451-8090 Fax: (561) 451-8089 E-mail:
More informationThe sole proprietor is free to make any decision he or she wishes to concerning the business. The major disadvantage is
Chapter 11 Corporate Governance & Business Organizations An entrepreneur is one who initiates and assumes the financial risks of a new enterprise and undertakes to provide or control its management. One
More informationS CORPORATION VS. LLC: THE BEST STRUCTURE FOR YOUR CALIFORNIA BUSINESS? (OWNERSHIP, OPERATION, AND EMPLOYMENT TAX) (Business Advisory No.
S CORPORATION VS. LLC: THE BEST STRUCTURE FOR YOUR CALIFORNIA BUSINESS? (OWNERSHIP, OPERATION, AND EMPLOYMENT TAX) (Business Advisory No. 11) Choosing the proper legal entity to hold and operate your California
More informationOrganizational Types and Considerations FOR A SMALL BUSINESS
Organizational Types and Considerations FOR A SMALL BUSINESS Welcome 1. Agenda 2. Ground Rules 3. Introductions ORGANIZATIONAL TYPES and CONSIDERATIONS 2 Objectives Identify general characteristics, advantages,
More informationIncorporating Startups
Incorporating Startups HBS Rock Center February 12, 2014 Paul Sweeney, Esq. Meredith Haviland, Esq. 2014 Foley Hoag LLP. All Rights Reserved. 2014 Foley Hoag LLP. All Rights Reserved. Incorporating your
More informationCOMPREHENSIVE GUIDE TO CHOOSING A NEW BUSINESS STRUCTURE
COMPREHENSIVE GUIDE TO CHOOSING A NEW BUSINESS STRUCTURE 1. Corporations and LLCs: The most common entities 2. Comparing corporations and LLCs 3. Things to consider when forming a business entity 4. Which
More informationChoice of Entity: Corporation or Limited Liability Company?
March 2014 Choice of Entity: Corporation or Limited Liability Company? By Gianfranco A. Pietrafesa* Attorney at Law There are many different types of business entities, including corporations, general
More informationTHE LEGAL ASPECTS OF GOING INTO BUSINESS
THE LEGAL ASPECTS OF GOING INTO BUSINESS Copyright 1997 Board of Regents, University of Wisconsin System Mark Stover, Vicki Lobermeier, Kathy Bartelt, Editors Small Business Development Center This publication
More informationA Guide to Incorporating Your Business
A Guide to Incorporating Your Business Forming a C or S Corporation Advantages of Incorporating Operating and Maintaining a Corporation Comparing C Corps., S Corps. and LLCs Table of Contents INTRODUCTION....................................................
More informationTax Considerations Of Foreign
FIRPTA requires that a buyer withhold 10% of the gross sales price, subject to certain exceptions, and send it to the Internal Revenue Service if the seller is a foreign person. U.S. Taxes Foreign investors
More informationLimited Liability Company Frequently Asked Questions
Limited Liability Company Frequently Asked Questions Here are some answers to questions we receive frequently from the public about Limited Liability Companies (LLC). We provide this for informational
More informationCHOICE OF BUSINESS ENTITY
CHOICE OF BUSINESS ENTITY Presented by James M. Jimenez, Esq. Pacific Business Law Group A Professional Corporation 1601 Cloverfield Boulevard Suite 200 South Tower Santa Monica, California 90401 July
More informationCHOOSING A BUSINESS ENTITY IN TODAY S BUSINESS WORLD
CHOOSING A BUSINESS ENTITY IN TODAY S BUSINESS WORLD Kenneth L. Wenzel Bourland, Wall & Wenzel, P.C. City Center Tower II 301 Commerce Street, Suite 1500 Fort Worth, Texas 76102-4115 The information set
More informationChoice of Business Entities
Choice of Business Entities In order to carry on a trade or business, a type of business entity must be chosen. For all practical purposes, the four major business entities for the current 2000 year are:
More informationA Guide to LLCs. Forming a Limited Liability Company
A Guide to LLCs Forming a Limited Liability Company Advantages of Forming an LLC Real Estate Investments and LLCs Operating and Maintaining an LLC Comparing LLCs to Other Business Structures Table of Contents
More informationArizona Limited Liability Company Discussion
Arizona Limited Liability Company Discussion If you will be setting up a limited liability company in Arizona, the best time for discussion of questions is before preparing the operating agreement and
More informationCHOICE OF ENTITY 2010 TENNESSEE AGRITOURISM CULTIVATING FARM REVENUE CONFERENCE
2010 TENNESSEE AGRITOURISM CULTIVATING FARM REVENUE CONFERENCE CHOICE OF ENTITY Presented by Jill Bartee Nolan Batson, Nolan, Pearson, Miller & Joiner, PLC 121 S. Third Street, Clarksville, TN 37040 931-647-1501
More informationCHAPTER 1 ESTABLISHING A NEW BUSINESS IN THE UNITED STATES
CHAPTER 1 ESTABLISHING A NEW BUSINESS IN THE UNITED STATES 1. CHOICE OF ENTITY A foreign investor may choose from a variety of forms of entities to do business in the United States. Such forms of entities
More informationChoice of Entity: Corporation or Limited Liability Company?
September 2012 Choice of Entity: Corporation or Limited Liability Company? By Gianfranco A. Pietrafesa* Attorney at Law There are many different types of business entities, including corporations, general
More informationBASIC LEGAL CONSIDERATIONS WHEN STARTING YOUR OWN BUSINESS
BASIC LEGAL CONSIDERATIONS WHEN STARTING YOUR OWN BUSINESS By: Susan A. Keller, Esq. Edwards & Angell, LLP Starting your own business can be very exciting, for it allows you the opportunity to shape a
More informationSole Proprietorship. Forming a Sole Proprietorship. Sole Proprietor Taxes
Sole Proprietorship A sole proprietorship is the simplest and most common structure chosen to start a business. It is an unincorporated business owned and run by one individual with no distinction between
More informationCHOICE OF ENTITY CONSIDERATIONS. A Basic Guide to Entrepreneurs. October 9, 2012
CHOICE OF ENTITY CONSIDERATIONS A Basic Guide to Entrepreneurs October 9, 2012 Bill Osterbrock, Of Counsel Baker Donelson wosterbrock@bakerdonelson.com 404-589-3418 Iliana Malinov, Tax Manager HLB Gross
More informationGUIDE TO SELECTING YOUR SMALL BUSINESS LEGAL STRUCTURE
GUIDE TO SELECTING YOUR SMALL BUSINESS LEGAL STRUCTURE To make your business #CPAPOWERED, call today and let s get started. 2015 American Institute of CPAs. All rights reserved. 15607-312 One important
More informationGUIDE TO SELECTING YOUR SMALL BUSINESS LEGAL STRUCTURE. To make your business #CPAPOWERED, call today and let s get started.
GUIDE TO SELECTING YOUR SMALL BUSINESS LEGAL STRUCTURE To make your business #CPAPOWERED, call today and let s get started. One important consideration when starting your business is determining the best
More informationHow to Set Up Your Company to Minimize Taxes: Business Organization Basics
How to Set Up Your Company to Minimize Taxes: Business Organization Basics You want to keep a close eye on everything that impacts the financial side of business. After all, finances determine whether
More informationLimited Liability Company
Price & Farrington s Estate Planning Tools and Tips Timely Information for Advisors About Advanced Estate Planning and Family Wealth Strategies Limited Liability Company How do you provide business transition
More informationHow To Understand The Tax Structure Of A Small Business
White Paper Series Small Business Structures and Taxes July 2014 To run a small business, you have to make big decisions. If you employ fewer than 500 people, the United States Small Business Association
More informationBusiness Entities and Small Business Tax Reform
Business Entities and Small Business Tax Reform Douglas A. Shackelford Meade H. Willis Distinguished Professor of Taxation Kenan-Flagler Business School University of North Carolina at Chapel Hill Testimony
More informationIncorporating Your Business
CorpNet s Guide to: Incorporating Your Business TM www.corpnet.com Congratulations! You have decided to start your own business. That is a courageous step and one that can lead to rewards that no job can
More informationLLC OUTLINE Table of Contents
LLC OUTLINE Table of Contents I. INTRODUCTION... 1 A. Consider The Following Example:... 1 1. How should this trio proceed to organize?... 1 2. A Better Choice:... 1 B. Limited Liability Company... 2 1.
More informationLLC OR CORPORATION: WHICH FORM WILL PROVIDE THE MOST VALUE FOR MY COMPANY?
LLC OR CORPORATION: WHICH FORM WILL PROVIDE THE MOST VALUE FOR MY COMPANY? Prepared for the Virginia Ship Repair Association Contracts Committee Presented By: Stephen W. Burke Robert E. Korroch February
More informationIncorporating Your Business
A Guide To Incorporating Your Business How to Form a Corporation or LLC Reduce Your Taxes Protect Your Assets Minimize Your Liability Improve Financial Flexibility By Attorney Brian P.Y. Liu Founder of
More informationLIMITED LIABILITY COMPANY (LLC) (COLORADO)
LIMITED LIABILITY COMPANY (LLC) (COLORADO) A LLC is normally utilized by investors and businesses to obtain the tax advantages of a partnership, limited partnership, or sole proprietorship, but enjoy more
More informationWhat s the right business entity choice? Entity Choices. State Law vs. Federal Law 5/4/2010. C Corporation. S Corporation LLC.
Winning Business Strategies Webinar Series What s the right business entity choice? Presented by: Michael E. Stover, CPA/ABV & Michael P. Moloney, JD, CFP Entity Choices C Corporation S Corporation LLC
More informationBusiness Structures. College of Menominee Nation 1. Presented by: Mwata Chisha Business and Public Administration
Business Structures Presented by: Mwata Chisha Business and Public Administration College of Menominee Nation 1 MEET MWATA CHISHA 2 OBJECTIVES Discuss the various types of business entities and their general
More informationThe Advantages and Disadvantages of Forming a Florida Limited Liability Company (LLC) Versus a Florida Corporation. by Karen J.
The Advantages and Disadvantages of Forming a Florida Limited Liability Company (LLC) Versus a Florida Corporation by Karen J. Orlin This Note outlines advantages and disadvantages of forming a new business
More informationOrganizational Types and Considerations for a Small Business
Table of Contents Welcome... 3 What Do You Know? Organizational Types and Considerations for a Small Business... 4 Pre-Test... 5 Factors for Choosing an Organizational Type... 7 Discussion Point #1: Organizational
More informationCORPORATE FORMATION & ENTITY SELECTION. Education by Immix Law Group
CORPORATE FORMATION & ENTITY SELECTION Education by Immix Law Group About Immix Law Group Immix Law Group specializes in matters of formation (startup, growth, and governance), fundraising, mergers, acquisitions,
More informationWillamette Management Associates
Valuation Analyst Considerations in the C Corporation Conversion to Pass-Through Entity Tax Status Robert F. Reilly, CPA For a variety of economic and taxation reasons, this year may be a particularly
More informationS Corporation C Corporation Partnership. Company (LLC)
Description An LLC can only be formed by making appropriate filing with the state (see below). Owners are called members and the LLC may be managed by the members, similar to a partnership, or by managers
More informationREAL ESTATE OPERATIONS IN THE CORPORATE FORM -- WHEN DOES IT MAKE SENSE?
REAL ESTATE OPERATIONS IN THE CORPORATE FORM -- WHEN DOES IT MAKE SENSE? I. INTRODUCTION A. Historically real estate owned by partnership or limited partnership. B. Many circumstances favor the use of
More informationOUT IN FRONT LLC OR INC.? ENTITY SELECTION FOR A SMALL TO MEDIUM SIZED BUSINESS S CORPORATIONS IN DETAIL
OUT IN FRONT LLC OR INC.? ENTITY SELECTION FOR A SMALL TO MEDIUM SIZED BUSINESS S CORPORATIONS IN DETAIL Presented by: William C. Perez Adams and Reese LLP December 17, 2013 Topics to be Discussed: Why
More informationSix Forms of Doing Business
Excerpted from FastTrac NewVenture When identifying an appropriate legal form of business, most often entrepreneurs consider these factors control, taxes, liability, transferability of ownership, longevity
More informationTHE FARRELL LAW GROUP, P.C. A PROFESSIONAL CORPORATION
THE FARRELL LAW GROUP, P.C. A PROFESSIONAL CORPORATION ATTORNEYS AT LAW 4900 FALLS OF NEUSE SUITE 212 RALEIGH, NORTH CAROLINA 27609 ---- (919) 872-0300 FAX (919) 872-0303 GENERAL ISSUES & CONSIDERATIONS
More informationSAALFELD GRIGGS DENTAL INDUSTRY TEAM WHITE PAPER: CHOICE OF ENTITY FOR DENTISTS
SAALFELD GRIGGS DENTAL INDUSTRY TEAM WHITE PAPER: CHOICE OF ENTITY FOR DENTISTS BY Th AMY GEERHART & DAVID MYERS I. Introduction Dentists may operate their practices through several forms of entities,
More informationFranchise Tax Board s Guide to: Forms of Ownership
Franchise Tax Board s Guide to: Forms of Ownership As a new business owner, one of the first critical questions is deciding which form of ownership will best meet your business needs. Selecting the legal
More informationA partnership having one or more general partners and one or more limited partners.
1. Definition A business association of two or more persons to conduct a business unless formed under any other statute. A partnership having one or more general partners and one or more limited partners.
More informationWHAT IS THE DIFFERENCE BETWEEN A SUBCHAPTER C AND S CORPORATION IN ARIZONA?
WHAT IS THE DIFFERENCE f BETWEEN A SUBCHAPTER C AND S CORPORATION IN ARIZONA? While C and S-Corporations Share Common Traits, There are Important Differences Between the Two Different Corporate Forms Lotzar
More informationA Closer Look at Corporate and Business Tax Proposals
www.fcfep.org A Closer Look at Corporate and Business Tax Proposals in Florida s Fiscal Crisis: The Prescription Background The basic rationale for levying business taxes is to pay for government services
More informationChoice of Entity LEARNING OBJECTIVES INTRODUCTION MODULE 1 CHAPTER 1
1.1 MODULE 1 CHAPTER 1 Choice of Entity This chapter examines one of the most critical decisions that a business can make: deciding on the entity classification under which it will operate as a business.
More informationChapter Six. Limited Liability Companies
Chapter Six Limited Liability Companies I have discussed various for-profit business structures for authors including sole proprietorships, partnerships and corporations. You may have heard about another
More informationCHOOSING A BUSINESS ENTITY: PRACTICAL CONSIDERATIONS
CHOOSING A BUSINESS ENTITY: PRACTICAL CONSIDERATIONS Dean P. Cazenave KEAN, MILLER, HAWTHORNE, D ARMOND, MCCOWAN & JARMAN, L.L.P. One American Place Baton Rouge, Louisiana 70825 I. THE CHOICES The decision
More informationSuing For Convoluted Profits - A Proving Procedure
Business Associations and Intro to Federal Securities Law Abe Cable Fall 2011 Derivative Claims A procedure for owners to sue management (corp and LLCs) Derivative claims brought through and by the corporation/llc
More informationVertex Wealth Management LLC
Vertex Wealth Management LLC Michael Aluotto President Private Wealth Manager 1325 Franklin Ave., Ste. 335 Garden City, NY 11530 516-294-8200 mjaluotto@1stallied.com S Corporation Page 1 of 7, see disclaimer
More informationLEGGO MY ALTER EGO! WHAT YOU NEED TO KNOW ABOUT PIERCING THE CORPORATE VEIL
LEGGO MY ALTER EGO! WHAT YOU NEED TO KNOW ABOUT PIERCING THE CORPORATE VEIL K AREN L. HART, PARTNER B ELL NUNNALLY & MARTIN LLP 3232 MC K INNEY AVE., STE. 1400 D ALLAS, TEXAS 75204 (214) 740-1444 KARENH@
More informationTHE BASICS OF CHOOSING A BUSINESS ENTITY
Handout provided courtesy of WHAT IS LIABILITY? 1. Contract Liability THE BASICS OF CHOOSING A BUSINESS ENTITY Colin T. Cameron * Katz Ahern Herdman & MacGillivray PC 1.1. Contract: an agreement between
More informationTYPES OF BUSINESS ORGANIZATIONS
CHOOSING THE RIGHT TYPE OF BUSINESS ORGANIZATION LESSON 4 ACTIVITY 1 TYPES OF BUSINESS ORGANIZATIONS Sole Proprietorship A sole proprietorship is a business with one owner, and is relatively easy to form.
More informationLIMITED LIABILITY COMPANIES
INTELLECTUAL PROPERTY AND TRANSACTIONAL LAW CLINIC LIMITED LIABILITY COMPANIES INTRODUCTORY OVERVIEW Limited liability companies ( LLC s ) are a hybrid form of business entity that draws from a combination
More informationCorps, Fed IDs, Why Me?
Corps, Fed IDs, Why Me? THE BUSINESS OF INNOVATION F R E E F O O D a n d F R E E F I N A N C I A L A D V I C E Choice of Entity Understanding the Pros and Cons of Entity Types Available Entity Types 4
More informationConsiderations in the Health Care Company Tax Status Conversion from C Corporation to Pass-Through Entity
Health Care Forensic Analysis Insights Considerations in the Health Care Company Tax Status Conversion from C Corporation to Pass-Through Entity Robert F. Reilly, CPA For a variety of economic and taxation
More informationBUSINESS ENTITY BASICS
LEGAL SERVICES FOR ENTREPRENEURS 415-543-9444, Ext. 217 lse@lccr.com BUSINESS ENTITY BASICS Presented By Lisa Li, Wilmer Hale LLP DISCLAIMER The information contained in this presentation has been prepared
More informationChristopher Davis Maryland Institute College of Art January 17, 2014
Mind Your Business Miles & Stockbridge P.C. Christopher Davis Maryland Institute College of Art January 17, 2014 Firm Overview Miles & Stockbridge P.C. is a full-service law firm that represents businesses
More informationFRISSE & BREWSTER LAW OFFICES
FRISSE & BREWSTER LAW OFFICES ADVANTAGES AND DISADVANTAGES OF VARIOUS BUSINESS ENTITIES SOLE PROPRIETORSHIP A sole proprietorship is simple to establish and operate; little ongoing documentation is needed.
More informationFORMATION AND OPERATION OF AN LLC IN CALIFORNIA
FORMATION AND OPERATION OF AN LLC IN CALIFORNIA This LLC corpus contains informational documentation provided as a service to help people understand California LLCs. Forms and instructions for many of
More informationTo LLC or Not to LLC: That is the Question!
To LLC or Not to LLC: That is the Question! by Jordan N. Uditsky Limited Liability Companies, or LLC as they are more commonly known, have been the entity du jour over the past decade, and I ve been asked
More informationFARM LEGAL SERIES June 2015 Choosing the Right Business Entity
Agricultural Business Management FARM LEGAL SERIES June 2015 Choosing the Right Business Entity Phillip L. Kunkel, S. Scott Wick Attorneys, Gray Plant Mooty INTRODUCTION There are many types of business
More informationForeign Person Investing in U.S. Real Estate
Foreign Person Investing in U.S. Real Estate Ian Shane Golenbock Eiseman Assor Bell & Peskoe LLP TTN New York Conference 2013 Foreign Purchases of U.S. Homes Foreign Home Buyers want to: Minimize tax on
More informationCorporation or LLC? Ten Differences to Consider (Other Than Taxation) WH ITE PAPER
Corporation or LLC? Ten Differences to Consider (Other Than Taxation) WH ITE PAPER CT Representation Services CORPORATION OR LLC? TEN DIFFERENCES TO CONSIDER (OTHER THAN TAXATION) One of the first and
More informationStarting a Business on a Tribal Reservation
Periodically, the Tribe has been contacted by individuals interested in starting a business. The following is a general explanation of certain typical Federal and Louisiana tax issues relating to tribal
More informationForms of Ownership. Entrepreneurship. Mr. Rodrigues
Forms of Ownership Entrepreneurship Mr. Rodrigues Objectives Identify the significance of business ownership to the entrepreneurial process. Identify and discuss forms of business ownership Identify and
More informationThe United States as an Offshore Tax Haven
The United States as an Offshore Tax Haven Hay Associates, PLLC Attorneys at Law 10303 Northwest Freeway Suite 260 Houston, Texas 77092 (281) 968-0764 FAX (419) 710-4339 Most financial experts agree that
More informationBusiness Entities: The Lasting Consequences of What You Choose. Lodmell.com (602) 230-2014 info@lodmell.com
Business Entities: The Lasting Consequences of What You Choose Lodmell.com (602) 230-2014 info@lodmell.com Business Entities: The Lasting Consequences of What You Choose Many Dentists have questions about
More informationMORE THAN FIVE MILLION corporations
Corporations MORE THAN FIVE MILLION corporations exist in the United States with revenues totaling more than 17 billion dollars annually. In 2008, Walmart topped the list with Kroger, ADM, Tyson, Dow,
More informationStructuring Your Business
Structuring Your Business Overview of Guide This guide is designed to provide basic information on some of the legal and practical issues to consider when setting up a business and applies only to New
More informationTo LLC or Not to LLC. Matt Rice. What is the right legal entity for your business?
To LLC or t to LLC What is the right legal entity for your business? Matt Rice Principal January 26, 2010 If you find yourself struggling with a decision regarding the appropriate legal structure for your
More informationChoosing an Entity for Startups
Nutter McClennen & Fish LLP Attorneys at Law Choosing an Entity for Startups Prepared by: Jeremy Halpern Nutter McClennen & Fish LLP Jeremy Halpern Biography Nutter, McClennen & Fish, LLP - Partner; Director
More informationChoice of Business Entity: How Owners Can Limit Taxes and Liability. Peter J. Guy, Esq. Ellenoff Grossman & Schole LLP pguy@egsllp.
Choice of Business Entity: How Owners Can Limit Taxes and Liability Peter J. Guy, Esq. Ellenoff Grossman & Schole LLP pguy@egsllp.com 212 370 1300 Presenter Tax attorney Peter J. Guy specializes in federal
More informationBUSINESS ENTITIES IN COLORADO
BUSINESS ENTITIES IN COLORADO Types of Colorado Business Entities When starting a business there are many different formats available. In fact, there are so many choices it can be quite dizzying. In general
More informationWHAT FACTORS SHOULD BE CONSIDERED IN CHOOSING THE TYPE OF BUSINESS ENTITY FOR MY BUSINESS?
WHAT FACTORS SHOULD BE CONSIDERED IN CHOOSING THE TYPE OF BUSINESS ENTITY FOR MY BUSINESS? There Are Myriad Organizational Structures and Choosing the Correct One for Your Company Is Essential to Achieve
More informationForms of Business Ownership
Forms of Business Ownership Chapter 6 Better Business 2nd Edition Solomon (Contributing Editor) Poatsy Martin 6 1 Learning Objectives 1. What are the strengths and weaknesses of a sole proprietorship?
More informationThe Business Organization: Choosing an Entity
The Business Organization: Choosing an Entity The subject matter is divided into two sections: 1. Section A shows direct comparison of different types of organizational structures. 2. Section B details
More information2:4 Letter to client regarding choice between LLC and S corporation
2:4 Letter to client regarding choice between LLC and S corporation Dear [Client]: I understand that you are interested in creating a new business entity for a [type of business] business. This letter
More informationIncorporating Today's Small Businesses
Incorporating Today's Small Businesses Our Service Parcorp Services offers complete and affordable formation services to small businesses and professional throughout the United States. Simply fill in the
More informationLimited Liability Company (LLC)
Vertex Wealth Management LLC Michael Aluotto President Private Wealth Manager 1325 Franklin Ave., Ste. 335 Garden City, NY 11530 516-294-8200 mjaluotto@1stallied.com Limited Liability Company (LLC) Page
More informationUSA Taxation. 3.1 Taxation of funds. Taxation of regulated investment companies: income tax
USA Taxation FUNDS AND FUND MANAGEMENT 2010 3.1 Taxation of funds Taxation of regulated investment companies: income tax Investment companies in the United States (US) are structured either as openend
More information