Selecting a State to Register a Business

Small businesses in the United States are not necessarily required to be registered at the state level. Some business owners, however, decide to make their sole proprietorship or general partnership become formally-recognized by the state through incorporation. Incorporating a business would make the company become its own legal business entity, separate from its founders. Aside …

Taxation for S Corporations

An S corporation, under the US Internal Revenue Code, passes its income and losses to its shareholders. As such, the shareholder of an S corporation has to report his/her earnings from the corporation in his/her individual capacity for tax purposes. Generally, an S corporation operates within the legal environment of a C corporations, for instance, …

Setting Up An S Corporation

In the United States of America an S Corporation is a corporation which is taxed under Subchapter S of Chapter 1 of the Internal Revenue Code. These types of corporations generally do not pay federal income taxes and any income and losses are divided equitably among the shareholders. After this is done, it becomes the individual …