Forming a C corporation to take advantage of fringe benefits when your business doesn’t fit the C corporation model. (Can you spell nightmare?)
Asset Protection and Business I.Q.
Entries Tagged 'Other Business' ↓
Costly Mistakes 6-10 – in Business
July 7th, 2010 — Business Credit, Business Credit Builder, Business Financing, Business Promotion, Business Startup, IRS, LLC, Nevada Corporations, Other Business, Podcasts, S Corporation, Small Business, Small Business Start-Up, Sole Proprietorship, State Incorporation, Taxes, U.S. Company, Why Us, Work and Family
Costly Mistakes – Continued…
July 7th, 2010 — Business Credit, Business Credit Builder, Business Credit Video, Business Financing, Business Startup, CPA, California Corporation, Credit Bureaus, Incorporation, LLC, Nevada Corporations, Other Business, Personal Credit, Small Business, Small Business Start-Up, Sole Proprietorship, State Incorporation Video, Taxes, Top Five Percent Club, Why Us, Work and Family, World Internet Summit
Costly Mistake Number 3:
Forming an LLC and having it managed by members instead of managers* (A sure way to lose flexibility and control)
Advanced Internet Strategies to Grow Your Business!
June 7th, 2010 — Home Based Business, Joint Ventures, Other Business, Passive Income, Small Business, Sole Proprietorship
When it comes to growing your internet business, new tools and resources are available all the time. What I will tell you up front is that the majority are looking for the latest technology, graphics, or tools to help make more money online. Many times it is not the cool new tools or strategies, it comes down to the basic fundamentals for success. First, let’s address a few of the fundamentals to improve your results: That is the ability to sell in print. If your headlines, subheadlines and copy are ineffective, no mater how good your videos or graphics are you will get little or no results. Find a great copywriter and buy their books or programs, such as Bill Glazer, Dan Kennedy, Jay Abraham, John , Mike Dillard and many others. Invest in tools and resources to improve this skill. Even if you outsource your writing, the better you have a basic knowledge the better.
SE Taxes
May 24th, 2010 — Business Credit, Business Startup, Incorporation, Other Business, Small Business, Taxes
The KEY QUESTION: “ARE THESE PROFITS SUBJECT TO SELF EMPLOYMENT TAXES?”
According to an IRS official and a national issue specialist in its Examination Specialization Program, until the Service issues further guidance, it will not challenge limited liability company (LLC) members on self-employment (SE) tax if the member and the LLC conform to the most recent (1997) proposed regulations (REG-209824-96). These regulations, however, need clarification now on the definition of limited partner (LP).
What Must You Consider When Selecting the Best Entity for Your Business?
May 24th, 2010 — Business Startup, Incorporation, Other Business, Small Business, Small Business Start-Up
Here’s a great example of a business that would typically benefit as an LLC taxed as a partnership.
(Keep in mind, changing only a few of the answers here could dramatically change the type of entity we’d recommend. Hence, online research and “guessing” at what entity is best can turn out to be very costly. After all, you can’t afford to guess when it comes to creating the foundation of your business.) Continue reading →
