S Corp

S Corporation (S Corp) is a business entity created through an IRS tax election. S Corps are considered by the IRS to be pass-through entities, meaning that the corporation’s income is passed through to the shareholders and taxed at the individual level. S Corps are subject to many of the same rules and regulations as …

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Corporation

When most people think of corporations, they think of large, multinational businesses. However, the term “corporation” can refer to any type of business entity that is legally incorporated. Incorporating a business has many advantages, including limited liability protection for the owners and more favorable tax treatment. What is a Corporation? A Corporation is a legal …

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Partnership

A business partnership is a legal relationship formed between two or more parties to carry out business activities. The partners involved in the business partnership share the profits and losses incurred during the course of business. A business partnership is a popular business structure as it allows two or more people to team up and …

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S Vs C Corp

When creating a new business, you will need to decide which type of legal entity to form. The most common types of business entities are the sole proprietorship, partnership, limited liability company (LLC), and corporation. Each has its own advantages and disadvantages that you should consider before making a decision. One important factor to keep …

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