Three Steps to Prevent the Involuntary Dissolution of Your S-Corp
Many small businesses form S-Corps, or S corporations, because such a corporate structure combines the benefits of a partnership with the benefits of a C-corporation. Unfortunately, the state the S-Corp is operating in can dissolve the S-Corp if certain annual maintenance steps aren’t completed. To prevent your S-Corp from being dissolved involuntarily, follow these three steps every year.
Two Signs It’s Time to Form an S-Corp
If you hate paying corporate income taxes and then paying personal income taxes on business profits, now may be the right time for you to form an S-Corp. However, there are consequences, such as IRS scrutiny, that you must consider carefully before you make the decision. To help you decide, below are two signs now […]