Corporations

Navigate the world of corporations with ease. Find essential insights, expert advice, and practical tips tailored for C and S corporations. Whether you're starting a new corporation or have an existing entity, we've got you covered every step of the way!

RECENT ARTICLES

Business owner planning LLC to S Corp conversion

LLC to S Corp: Save Thousands in Taxes

May 18, 2024 10:05 am by LawInc Staff

LLC owners making over $50,000 annually can unlock significant tax savings and benefits by converting to an S Corporation. S Corps avoid double taxation while enabling owner wage income classification...

Abstract image representing California LLC and corporation franchise tax.

What Is the Minimum Franchise Tax for California LLCs and Corporations?

May 17, 2024 11:05 am by LawInc Staff

California limited liability companies (LLCs) and corporations must pay a minimum annual franchise tax, regardless of income or business activity level. The franchise tax represents a fee for the privilege...

Confident female business owner in her office

Piercing the Corporate Veil: When California Business Owners Become Personally Liable

May 07, 2024 03:05 pm by LawInc Staff

When California business owners choose to incorporate or form an LLC, they generally gain personal liability protection. But this corporate shield is not absolute. In certain situations, courts can pierce the...

S corporation owner reviewing tax documents in office

S Corporation Tax Hacks: Slash Your Bill with Essential Deductions (2024 Guide)

April 26, 2024 09:04 am by LawInc Staff

Leveraging available tax deductions strategically allows S corporations to minimize liabilities and keep more revenue. But eligibility rules and documentation requirements make realizing savings tricky. Fortunately, many expenses common to running...

Image of a detailed guide on S corporation tax benefits.

Unlock the Hidden Tax Savings of S Corporations: Insider Secrets for Savvy Business Owners

January 03, 2024 11:01 am by LawInc Staff

Business owners face major decisions when first establishing a company around optimal corporate structure options balancing legal protections, operational needs and tax implications. Beyond sole proprietorships, partnerships and LLCs, the...

Female entrepreneur looking ahead confidently

Incorporating Your Business the Right Way: The Entrepreneur's Handbook

December 29, 2023 12:12 pm by LawInc Staff

Taking an entrepreneurial leap to launch a startup comes with exhilaration, risk and pressing questions around structuring your company optimally for growth. As you move to formalize operations rather than...

Entrepreneur confidently looking at the camera

Starting a Business: 5 Legal Hacks Every Entrepreneur Needs

December 26, 2023 08:12 am by LawInc Staff

Launching a startup transforms imaginative visions into concrete enterprises generating value. But amidst exciting ideation, product development and fundraising initiatives, legal considerations often get overlooked by enthusiastic founders. Navigating business structure...

Simplistic illustration of a business owner and spouse connected by payroll paperwork.

Spouse on Payroll: Genius Tax Hack or S Corp Pitfall? Unlocking the Secrets

December 20, 2023 12:12 pm by LawInc Staff

Having your spouse on the S corporation payroll can be advantageous for tax purposes if done correctly and strategically. Tax benefits include paying less overall, qualifying for deductions, and optimizing...

Entrepreneur looking confidently at the camera.

Launching a Startup in California: A Legal Roadmap

December 09, 2023 02:12 pm by LawInc Staff

With California being home to Silicon Valley and a hub of innovation, it attracts countless entrepreneurs looking to build disruptive startups every year. However, navigating the legal landscape can be...

Tesla Cybertrucks on a delivery truck, signifying their distribution to businesses.

Cybertruck and S Corporations: An Electric Combo for Business Taxes

December 08, 2023 02:12 pm by Zach Javdan

When it comes to electric pickups, Tesla’s long-teased Cybertruck has revved up a lot of chatter. Its recent customer deliveries and angular styling definitely turn heads. But beyond the hype...

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