Liability Protection The reason for forming a corporate entity in the first place is to have the liability protection if the corporation is sued and so that the corporation can sue in its own name.
It is not true that a corporate entity is fully formed with the filing of the Articles of Incorporation. There are formation requirements and annual requirements that are commonly referred to as corporate governance. Reaching through the corporate entity to attach personal assets may occur.
Copyright Secured Automatically upon Creation Copyright is secured automatically when the work is created, and a work is “created” when it is fixed in a copy or phonorecord for the first time. “Copie
What Works Are Protected? Copyright protects “original works of authorship” that are fixed in a tangible form of expression. The fixation need not be directly perceptible so long as it may be communi
Pass-Through Entity. The income and losses of an S corporation generally flow through to, and are taxed to or deducted by, the shareholders, retaining the character they had to the S corporation. No
Tax Consequences of Formation. Neither a corporation, a partnership, nor an LLC is ordinarily taxed on the receipt of capital contributions (whether of cash, property, or services) by shareholders, p
The limited liability company may offer the best of both worlds. An LLC is generally treated as a partnership for tax purposes. At the same time, the LLC's members, like corporate shareholders, are
A Properly Executed Will is the First Step Properly executed wills are the foundation of most solid estate plans because they designate how and to whom your property will be distributed after death.
For Inside Salesperson: 1. Examine whether the employee meets the exemption requirements on a weekly basis. 2. Pay close attention to guaranteed draw programs and whether they are in fact meeting t
What are advantages of MRPs? Section 105 plans offer great advantages to both the employer and the employees. The medical expense reimbursements are tax deductible by the employer and the employer ha