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For many small businesses, the “S†corporation is the business entity of choice. The “S†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, “Câ€, “S†or non-profit. Important issues concerning S corporations are covered in this article. C Corporation v. S CorporationFederal tax laws
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International Business Corporations (IBCs)By William CatePublished October 1999[http://home.earthlink.net/~beowulfinvestments [http://home.earthlink.net/~beowulfinvestments/globalvillageinvestmentclubwelcome/]Most American Multinational Corporations operate outside the Statesas an IBC. If you call their export division, you'll find that you aretalking to someone in Zurich or Nassau. The reason is that using an IBC tosell their products or services overseas saves the company on taxes.Had the 19th Century founders of these icons of American Industryforeseen the 20th
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Does your incorporated business pay alternative minimum tax [“AMT]? If so, there is a 93% chance you have been overpaying your taxes by an average of ,000 a year according to the Treasury Inspector General.The Office of the Treasury Inspector General for Tax Administration was created in 1999 to oversee the IRS. One of the duties of the Treasury Inspector General is to study and
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This article provides useful, detailed information about Incorporate Church. A non-profit association is an incorporated association run with the primary purpose other than to make profit. The not-for-profit associations fall into three categories. Educational institutions and charitable associations for public benefit, trusts for the mutual benefit of the members and religious establishments like churches, religious beneficial programs and
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This article provides useful, detailed information about Incorporate LLC. LLC (limited liability company) provides the benefits of liability protection and pass through taxation features of sole proprietorship or partnership. Many small business owners prefer this form of corporation as it provides greater flexibility in management. The general characteristics of LLC's are limited duration of existence, no double taxation and
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