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Posts Tagged S corp

LLC vs S Corp

LLC vs S Corp? Which should you chose if you are starting a business? You have probably heard of both types of entities, but you may not know much about either. The LLC stands for Limited Liability Company. The S Corp stands for a type of Corporation. […]

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S Corporation Taxes- An IRS Feast

In the last year the IRS has been targeting S Corp owners who take low salaries so they can receive the bulk of their income in corporate dividends, which are not subject to payroll taxes. These cases are being found and prosecuted.

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Business Structures: Asset Protection is a Double Swinging Door

When starting a business, everyone wants to structure it to protect, their house, summer cabin, bank accounts and retirement nest egg. But if they thought about it they would realize that their business is their most valuable asset. It is basically the source of all their assets.

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