When shareholders elect to make a corporation an “S corporation,” it’s essentially for tax purposes. With an S corporation, the business’s income and losses are “passed through” to the shareholders to report on their personal income taxes. This prevents “double...
Month: February 2022
Don’t look for the wrong things when inspecting a new home
People often talk about looking for the right things in a new home. If you're interested in the residential real estate market, you likely have a list of things that simply have to be in the house for you to even consider it. This is a good place to start, but you...
Benefits of a limited liability company
Starting a new business is an exciting time, but it’s one that comes with some major responsibilities. One of the decisions that you have to make is how to structure the business. For people who are going to work alone, the decision is whether they want a sole...
Eminent domain: What does it mean for you?
In the United States, governments have the authority to take private land if it's being used for public use. This doesn’t mean that the property owner just has to accept what’s going on. They’re entitled to be fairly compensated for the property, and this sometimes...