Posts Tagged ‘IRS’
What should I do if I've decided to discontinue using my corporation?
If you are going out of business or are simply not using your corporate form, there are several different ways to discontinue. The first involves not filing your annual report form. If you do not file the annual report form with the secretary of state, your corporation will be administratively suspended. This means you are » Continue…
Do I need to prepare written minutes of corporate meetings?
Most business corporation laws require a corporation to keep accurate records and books. With respect to financial and accounting records, this is obvious. However, there is no absolute requirement to prepare written minutes of meetings (minutes are simply a written record of the meeting usually prepared by the corporate secretary) but the following are a » Continue…
Should I incorporate in Nevada or Delaware?
The short answer is that it will probably cost you more money to incorporate in Nevada or Delaware. In addition, it may provide few, if any, substantial advantages unless you have a larger corporation and unless you live in one of those states or are doing most of your business there. If the corporation is » Continue…
Are offshore corporations legitimate and what are the benefits or pitfalls?
Most small corporations should not be looking to incorporate offshore. First, if it is done for tax purposes, you are likely to substantially increase your odds of getting audited by the IRS since there are many offshore tax schemes that are not legitimate. If you are a US citizen and earn income from an offshore » Continue…
