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While there are many equally valid reasons to incorporate, saving money on taxes is a consideration that can yield relatively immediate results. Leasing assets to your corporation is a tax strategy you should absolutely consider if you already have a corporation or are thinking about forming one. Here's how it works.
Just because you incorporate doesn't
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Buying Your Tax Haven CorporationBy William CatePublished March 1998[http://home.earthlink.net/~beowulfinvestments/] [http://home.earthlink.net/~beowulfinvestments/globalvillageinvestmentclubwelcome/]Your purpose in buying your tax haven corporation determines yourincorporation and maintenance costs. You can buy a new car, without anengine. It'll cost less than a new car that works to your satisfaction.The most common reason that Americans buy a tax haven corporationis to impress people. They want to park their new engineless car in
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Most states make forming a corporation relatively painless by providing forms for practically everything. The bylaws of the corporation, however, are an area you don't want to rely on a form.
What Are Bylaws?
Bylaws are the technical rules that govern how a corporation will be run. They are a private document for the corporation and are not filed with any government entity. The purpose of
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