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Stephen Nelson's Articles in Corporate

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Incorporation Blunders: Tax Mistakes No Business Owner Wants to Make Incorporating a small business can save the business owners thousands of dollars annually in taxes. But in order to safely harvest those tax savings, the corporation needs to avoid some common mistakes. Professionals Guide to Forming a Limited Liability Company Small businesses and entrepreneurs often minimize their liability and save taxes by using a limited liability company. Unfortunately, the rules get tricky for professionals (doctors, lawyers and others) who want to take advantage of the LLC option. This article suggests five tips for making the professional LLC setup process clean and error-free Can You Setup Shop as an S Corporation? Subchapter S corporation status often saves the small business owner thousands of dollars a year in taxes. But tight eligibility rules mean some small businesses can't qualify. In this article, a CPA explains who can and can't take advantage of S corporation status.