![]() |
|
| *Home>>>Business Debt |
Corporating a company? |
I have websites and I want to corporate them somehow. I have a total of 3 websites and I was wondering if it's better to form an Incorporation, LLC, LTD, or etc. I'm not very familiar with them, so help me out if you can. I looked into it some more. I wish to become a Subchapter Coporation in an attempt to also save money in taxes, as well as having protection from lawsuits and business debt. You will file your articles of incorporation for a corp, or articles of organization for an LLC. both are available through your state office. then from there you would want the Corporation or LLC listed as owner of said sites. also...I may be wrong but I believe that you would need to be a partnership to go by LTD. once you do file your articles you will then Notify the IRS of your intention to be taxed as an S-Corporation by filing IRS Form 2553 no later than the 15th day of the third month following its date of incorporation. |
| Tags |
| Capital Investment Business Investment Business financing Business Invest Business Debt Bond Investment Angel Funds Alternative Investment |
| Related information |
It all depends on what type of a company he has? Is it and S Corp, C Corp, DBA, or LLC. If its a sole propreitorship, DBA then he is correct his personal assets can be liquidated. ...You need to talk to an attorney. First of was the loan signed in your name or in the business name? If you signed in the business name did they also require a personal guarantee? This will mean ... If you BORROW money for a new refrigerator when you know you will be filing bankruptcy, that is fraud. If you take the first answer's advice and BUY a used refrigerator for CASH, you should ... You should consult a tax professional. ...I'm not exactly sure what you mean against turnover. If you have an investor you also will have either less owner equity or more debt. Either way I don't believe you are going to see the ... Your basic assumptions are correct except that this method cannot be used to distribute PROFITS from the business tax-free. Owners of both LLCs and S-corps are taxed currently on a flow-through ba... Yes,you can.I did it last year.Contact your local Attorney,they will answer all your question and help you.Good Luck ...Capital gains and penalties are not going to be pretty. Do the math yourself, and see if it's a sound economic plan. ... |
Categories--Copyright/IP Policy--Contact Webmaster |