An S-Corporation can provide significant Federal income tax savings over a C-Corporation. A common question that arises is, “If the benefits are so obvious, why aren’t all corporations S-Corps?” Due to the benefits, the IRS places restrictions on S-Corporation ownership, including the types of shares that the corporation can issue and the types of shareholders…
Understanding Corporate Structures: A Guide to C-Corporations and S-Corporations Tax Implications Tax law sets the difference between the C-Corporation and an S-Corporation. When a corporation is formed at the state level, the C-Corporation is the default. The C-Corporation can then, voluntarily, file an election form with the IRS (Form 2553) to become an S-Corporation. Once…
How To Protect Intellectual Property When Building A Team “By ourselves, we can move quickly. Together, we can go far.” An old African proverb that came to mind when writing on this topic. Ideas aren’t meant to be confined to a single mind. They’re meant to be shared and formed into a common vision. I’ve seen…
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