Contact Us
Categories
- Compliance
- Disaster relief
- Income Tax
- Americans with Disabilities Act ("ADA")
- Main Street Lending Program
- remote work
- Web Content Accessibility Guidelines
- CARES Act
- Economic Injury Disaster Loan (EIDL)
- Payroll Protection Program (PPP)
- Coronavirus Aid, Relief and Economic Security Act
- COVID-19
- Small Business Administration (SBA)
- Liability Waivers
- Miller, as Next Friend of her Minor Child, E.M. v. House of Boom Kentucky, LLC
- Intangible Assets
- Tax consequences
- Taxation
- Community Banks
- Dodd-Frank Act
- SEC Crowdfunding Rules
- Corporate
- Diversity
- Judgment creditors
- Consumer Debts
- Employment Law
- Entrepreneur
- ERISA
- Lenders
- Litigation
- Municipal Liability
- Small Business
- Business Entities
- Equity Development
- Investment
- Mergers and Acquisitions
- Closely Held Businesses
- Sales and Dissolutions
- Uncategorized
- Business Formation and Planning
- Corporate and Business Tax
Showing 3 posts tagged C corporation.
Five Legal Considerations for Starting a Small Business: Which Type of Entity is Best?
You started your small business yourself – just you and an idea. As time went on, you became more successful. You added employees. You opened a storefront. You started contracting with outside vendors. And while each of these events took place, you added additional liability – liability that could harm you personally as a sole proprietor. That’s exactly why business entities exist; they create a sustainable structure in which to operate while simultaneously shielding you personally from liability, for the most part. Not all business entities are created equal, however, and choosing an entity to organize or incorporate can come with both benefits and consequences. More >
When Should I Choose to Form a C Corporation Instead of An LLC?
Arguably, one of the most important decisions that will affect the ultimate success of a business, whatever its size, is the decision of how to incorporate that business. There is a fairly wide range of choices to choose from, from sole proprietorships on up to regular C corporations. A business entity that has seen a meteoric rise in usage in the past few decades is the Limited Liability Company (“LLC”), and for good reason – LLCs come with a host of advantageous characteristics that combine some of the best traits of several options available to business entities. LLCs combine limited liability for members with the flexibility to choose how they’re taxed, such as flow-through taxation akin to partnerships (e.g., no taxation at the entity level, as with regular C corporations). With the rise in the popularity of LLCs, however, it’s helpful to know when there are advantages to choosing the venerable C corporation form over the upstart LLC. More >
Stock and Asset Sales: Tax Consequences of Each Transaction
As discussed in prior posts, an asset sale transfers only the assets of the business, whereas a stock sale transfers some or all of the ownership interest in the business as well as its obligations and liabilities. In this continuing examination of how to structure a business sale, the next points of consideration are the tax consequences of each transaction and ways they can affect the buyer and seller. These types of structures confer different tax benefits or burdens on each party, so tax treatment is one of the most crucial elements in the sale. More >