Hi Everyone
Incorporated business
structures are legal entities distinct from
their owners, and here is a brief summary
of the most common corporate entities.
structures are legal entities distinct from
their owners, and here is a brief summary
of the most common corporate entities.
S-Corporation - This is a corporation that
is elgible and elects to be taxed under
the Subchapter S of the Internal Revenue
Code. Basically, the shareholders pay
tax on the corporation's income passing
through items on their own individual
income tax returns by their prorata shares.
C-Corporation - This is an organization
authorized by state laws, to act as a legal
entity separate from its owners. A
corporation has its own name, own
powers to achieve its legal purpose
and therefore, a separatte legal entity.
Limited Liability Company (LLC) - The LLC
is a hybrid between a Limited partnership
and a Corporation. LLC's provide the
protection from personal liability like a
corporation and at the same time LLC's
receive the tax treatment of limited partnerships
or a C-Corporation, whichever the owners
or stockholders of the LLC chose.
is a hybrid between a Limited partnership
and a Corporation. LLC's provide the
protection from personal liability like a
corporation and at the same time LLC's
receive the tax treatment of limited partnerships
or a C-Corporation, whichever the owners
or stockholders of the LLC chose.
Building business credit under a corporation
is usually the best way. Don't let the paperwork
stand in your way.
Get the Ebook and webinar seat, and follow the directions.
Your business will be building it's own
credit profile before you know it.
Sincerely,
Benny M.
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