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Why Worry About Corporate Tax Structure

June 28, 2010

Last month I pointed out that there are significant disadvantages to forming what is called a C Corporation.  That’s what most of us think of as a regular corporation, a corporation that files tax returns for its own income and losses and pays taxes at a corporate rate, not an individual rate. One... Read more »

Mouse in a Barrel

June 1, 2010

Like many lawyers I often suggest that clients with a small business, such as a motorsports dealership, incorporate. However, if you incorporate and do not make a special election to be taxed as an S Corporation (where the shareholders pay the taxes on corporate profits) your corporation will be a separate... Read more »