When Do S-Corps Make Sense?
Corporations have two tax options. C-Corp or S-Corp. We rarely use C-Corps due to “double taxation” issues. If you form a corporation, there are strict formalities that must be followed. Corporations must keep Resolutions, Amendments, and Meeting Minutes documenting all business activity. Even if the company is 100% owned and operated by you, you still must follow these formalities. Over […]
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