Top Tax Savings Tips When Paying Yourself as a Business Owner

How Should You be Paying Yourself as a Business Owner to Reduce Your and Your Business's Overall Tax Obligations? Our Guide Breaks Down the Details  Probably the most frequent question that small business owners ask their lawyers and accountants is “how should I be paying myself as a business owner” in a way that will allow [...]

Form Minutes

1.         Name of corporation: 2.         Date and time of meeting: 3.         Place of meeting: 4.         Type of meeting: [ ] Regular [ ] Special 5.         Meeting held pursuant to: [ ] Written notice (attach copy) [ ] Oral notice [ ] Date and location fixed by bylaws or otherwise (no [...]

Entity Comparison – What Should You Form?

A comparison of the  tax advantages and disadvantages of a corporations versus  sole proprietorships, partnerships, LPs, LLCs, and LLPs:     Corporation Sole Proprietor / Partnership / LLC / LLP Borrowing from retirement plan permitted Yes, subject to certain limitations No Retirement plan contribution limited to earnings from business for which plan was established No [...]

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