Does Your Home-based Business Qualify for the Home Office Deduction?
According to the Small Business Administration, about 50% of all businesses are home-based. If you are one of the many owners of a home-based small business, consider whether your home office meets the IRS requirements for the home office deduction, which is a sometimes overlooked way to reduce taxes. How Do I Qualify for the […]
5 Steps to Take When Winding Down (Closing) Your Business
There are many reasons business owners close shop (winding down), including retirement, starting a new venture or, hopefully, because they’ve won the lottery. No matter what the reason, it’s important to diligently wind down a business before moving on. Here are five steps to take: 1. Reach Consensus If you’re a sole proprietor, then the […]
Can A Limited Liability Company (LLC) be Taxed as An S-Corp?
In this video, we explore the intriguing question of whether a Limited Liability Company (LLC) can be taxed as an S-Corporation, unraveling the possibilities and implications of this tax classification option. Join us as we navigate the world of tax classification for LLCs and delve into the nuances of an S-Corporation tax status. Discover the […]
What Are The Disadvantages of An S-Corp?
In this video, we delve into the disadvantages of an S-Corporation, providing a comprehensive understanding of the potential drawbacks of this unique business structure. Join us as we explore the potential disadvantages of an S-Corporation and discuss the factors to consider when weighing your options. Our knowledgeable host will guide you through the intricacies, making […]
Corporation vs S-Corporation – What are the differences?
This video delves into the differences between a Corporation and an S-Corporation, providing a comprehensive understanding of these distinct business structures. Join us as we compare and contrast the features of Corporations and S-Corporations, highlighting their advantages, disadvantages, and legal implications. Discover the unique characteristics of Corporations. We’ll discuss their centralized management structure, separate legal […]
How to Form an S-Corp in California?
In this video, we provide a step-by-step guide on how to form an S-Corporation in California, equipping you with the knowledge and tools to navigate the process successfully. Join us as we break down the key steps in forming an S-Corporation, from initial planning to completing the legal requirements specific to California. Our expert host […]
What Is An S-Corporation (S-Corp)?
In this video, we explore the concept of an S-Corporation and provide a comprehensive understanding of this unique business entity. Join us as we delve into S-Corporations’ world and unravel their distinctive features. Our knowledgeable host will guide you through the intricacies, making complex concepts accessible to viewers of all backgrounds. Discover the definition and […]
Is A Limited Liability Company (LLC) Incorporated?
In this enlightening video, we explore the question of whether a Limited Liability Company (LLC) is incorporated, providing a comprehensive understanding of the legal structure of an LLC. Join us as we navigate the world of LLCs and unravel the legal aspects of their formation. We will guide you through the intricacies, making complex concepts […]
S-Corp vs Limited Liability Company (LLC)
In this video, we compare and contrast two popular business structures, S-Corporations and Limited Liability Companies (LLCs), to help you decide when choosing the correct entity for your business. Join us as we explore the unique features of S-Corporations and LLCs, highlighting their advantages, disadvantages, and legal implications. We will guide you through the intricacies, […]
Can A Corporation Own Real Estate (a House)?
This informative video explores whether a corporation can own real estate, including residential properties such as houses. Join us as we delve into the world of real estate ownership by corporations and unravel the legal and practical considerations involved. We will guide you through the intricacies, making complex concepts accessible to viewers of all backgrounds. […]