Business entity type and tax structure impact your organization’s finance and compliance requirements. Two popular choices are limited liability companies (LLCs) and S-corps. Although the arrangements ...
When you start a business, one of the first decisions you have to make is the best legal structure. Most individuals who start businesses choose a sole proprietorship, a limited liability company or ...
The post-pandemic years have shown an inverted trend from the last 50 — instead of declining entrepreneurship rates, more and more people these days are starting to work for themselves. Nearly 1.5 ...
Leeron is a New York-based writer who specializes in covering technology for small and mid-sized businesses. Her work has been featured in publications including Bankrate, Quartz, the Village Voice, ...
Another distinction lies in flexibility. LLCs allow owners to reinvest profits or distribute income in a variety of ways, while S-Corps must distribute earnings based strictly on ownership percentage.
Jessica Gibson is a content update editor and writer for Investopedia. She has over 10 years of experience in digital publishing and three years of experience covering financial topics like insurance, ...
One of the first tasks a new business owner must address involves the question — What type of entity should I choose to operate my business? “A common tax consideration is a desire to avoid double tax ...
Lindsey Crossmier has been a financial writer since 2022, and has been regularly quoted as an expert in outlets such as U.S. News, GOBanking Rates and Yahoo! Finance. She leverages her Yale financial ...
Are retained earnings treated in a C corp differently from an S Corp? Yes, the S corp retained earnings limit is very different from other business entities. The profit of an "S corp" is still taxed, ...
The deadline for existing limited liability companies and C Corporations to elect S Corporation tax treatment for the tax year 2022 was March 15. So, what happens if a business missed the S Corp ...