Tag Archives: organization
What is the basic difference between a C corporation and an S corporation?
The difference between a regular C corporation and an S corporation is in the way taxes are reported and paid. Both types of corporations are initially formed as a regular C corporation. Both are subject to the same state corporation … Continue reading
Posted in Differences
Tagged c corporation, corporate types, Differences, organization, s corporation
1 Comment
Where can I find the laws which govern corporations?
The first place to find answers to questions regarding corporations is to review the corporate laws for the state in which the business is incorporated. These laws are usually contained in the state’s code or statutes and can often be … Continue reading
Where is the best place to form my new corporation?
The best answer is usually in the state where you intend to conduct most of your business or where you have an office or business presence. This is because if you incorporate in a different state than the one you … Continue reading
Posted in Formalities, Requirements
Tagged corporation, formation, location, organization, place, state
Leave a comment
What is a “professional corporation”?
Most states have statutes providing for incorporation by those performing specific types of professional services such as doctors, dentists, accountants, lawyers, architects, etc. These corporations are set up and operated similar to a regular corporation but there are a few … Continue reading
What is the difference between a “close corporation” and a “closely held corporation?”
A “closely held corporation” is a general term used to describe a smaller privately held corporation with few shareholders, usually family members or close associates. On the other hand, some states have adopted special statutes for a “close corporation” which … Continue reading
Posted in Differences
Tagged close corporation, closely held corporation, formation, organization
Leave a comment
What should I be considering in deciding on the proper entity?
The two most important considerations for most small businesses are 1) liability protection and 2) tax considerations. Textbooks sometimes cite other issues such as perpetuation of the entity, continuity, ability to raise capital, etc. However, in my experience, these are … Continue reading
How and when did the use of corporations begin?
In earlier times, business in the United States tended to be much more local in nature and of primary concern to each state. Corporations during this period were often created for public purposes like building roads, canals, bridges, and toll … Continue reading