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| - | Forming an S corporation offers a number of advantages for independent salespeople, real estate agents and others, according to certified public accountant and Christian Post blogger John Dillard. | ||
| - | [[http://www.youtube.com/watch?v=7T6TbpSW-6E|incorporation services]] | ||
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| - | The first advantage to S corporations, according to Dillard, is that business incorporation gives the company instant legitimacy. He says if a business is not incorporated, many state or local governments will not buy from or lend to them. [[http://www.youtube.com/watch?v=7T6TbpSW-6E|form an LLC]] | ||
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| - | Dillard also says that S corporations give entrepreneurs personal liability protection in the event that someone tries to sue them. He says that the world is “full of people who are looking to make a fast dollar” and that “courts are full of frivolous cases where greed rather than fairness are the watchword.” | ||
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| - | [[http://www.youtube.com/watch?v=7T6TbpSW-6E|LLC formation services]] | ||
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| - | S corporations also offer significant tax benefits to some types of entrepreneurs. Dillard says that currently in an S corporation, after owners salaries are deducted, all shareholder distributions are exempt of employment taxes. | ||
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| - | To be an S corporation, the Internal Revenue Service says domestic companies must have fewer than 100 shareholders – all of which must be legal U.S. citizens or residents – [[http://www.youtube.com/watch?v=7T6TbpSW-6E|easy incorporation]] | ||
easy_incorporation.1417173464.txt.gz · Last modified: 2014/11/28 12:17 by paddy
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