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Florida Isn't Just For Tourists: It's For Corporations Too! By Alex Goumakos No matter what your interests, you will find something in Florida to enjoy. Whether you like mouse ears and theme parks, the warm, sunny beaches or the exotic wildlife, Florida attractions are hard to beat. With an increasingly friendly business environment, Florida is also a great place to do business! When most people think
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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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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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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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This article provides detailed information on Delaware Corporations. Delaware corporations are corporations that have their charter in the state of Delaware. Delaware has long been known to be a corporate-friendly state, and its long tradition of successfully applying corporate law allows it to score over rival states even though other states too are sometimes as corporate-friendly as Delaware,
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