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 […]
Can Your Small Business Write Off Bad Debts?
Despite your best efforts to work only with customers or clients you believe will pay for the goods or services your business provides and to diligently collect delinquent amounts owed, you will almost inevitably have to deal with bad debts occasionally. Sometimes, the IRS allows you to take a bad debt deduction. What Is Considered […]
What Is The Difference Between an LLC and an LLP?
If you are starting a new business, the business entity you set up will affect the extent of personal liability, how the business is taxed, its management, the level of formality required, and many other factors. There are a lot of options, which can make this decision overwhelming. Limited liability companies (LLCs) and limited liability […]
Making an S Corporation Election as a Married Business Owner
If you’re a married business owner and you want your business to be taxed as an S corporation, there are several things you need to know. The difference between community property and co-ownership of an asset Let’s take the example of owning a car. If you and your spouse are both on the title to […]
Record Keeping for Your Business: What’s Required?
Whether you are just starting up a new company or have a business operating for a while, good record-keeping is essential to running your business. You are responsible for establishing an effective system to store and maintain your business records, whether your small business is a sole proprietorship, partnership, LLC, or corporation. Some forms will […]
I’m Starting a New Business – Should I Use an LLC (Taxed as a Partnership) or an S Corporation?
Entrepreneurship has been called the new American dream. Hanging a shingle starts with the idea that develops into a business plan, but only with careful financial and legal considerations. New business owners grapple with deciding whether to form a limited liability company taxed as a partnership (LLC) or a corporation making an S election (S […]
