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(Day 3) You, S or C
Reading time: 3 – 4 minutes When you set up your corporation most likely you will want to make a S-Corp. declaration. A S-Corp declaration makes sure the IRS and the State sees your corporation like a Sole Proprietorship aka you are the corporation. For tax purposes this is a big deal because in a regular corporation structure “C” you get taxed twice. All corporations start off as a C-Corp so you have to elect ...
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(Day 1) Why Corporations
Reading time: 4 – 6 minutes Corporations are by far the most used business structure and by far the best structure for protecting your assets. Most people are discouraged by the paperwork involved to maintain a corporation but it’s simple and if you want other people will take care of it for you. Corporations are the structures that are necessary to be listed on the stock market. Corporations are what the majority of laws in ...
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