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From a caterpillar to a butterfly
The firm who has its articles of incorporation approved in a state is called a corporation. An immensely important decision in the life of a project is to build a corporation, which means to form a society. It involves evolution, it implies assumption of responsibilities and it provides independence to your firm in relation with its founders. It also
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For many small businesses, the âSâ corporation is the business entity of choice. The âSâ in S corporation refers to a tax designation. All corporations are created the same way under state law. A small business must then chose a tax status, to wit, âCâ, âSâ or non-profit. Important issues concerning S corporations are covered in this article. C Corporation v. S CorporationFederal tax laws
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-"Why should I incorporate? I can just do this business as a sole proprietor, right?"
-"Isn't it complicated and expensive to form a corporation?"
-"I run my business with my spouse, and we have a partnership. Why would we need to have a corporation?"
These have to be the most frequently asked questions that I--and my own financial and legal advisors--get from our clients. The vast majority of
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