S Corporation Restrictions?

Answer The S corporation election under Subchapter S of the Internal Revenue Code (IRC) is a tax advantage extended to small corporations. It allows the shareholders of a corporation to distribute the cor... Read More »

Top Q&A For: S Corporation Restrictions

When is a corporation required to register as a foreign corporation doing business in a state?

A corporation is required to register as a foreign corporation doing business in a state when it is actively conducting business in any state other than the state that it was originally registered ... Read More »

Can a Limited Liability Corporation function without insurance and have some sort of contract signed by its client in its place to protect the Corporation?

Yes you should be. Not all general liability forms automatically add additional insureds so you need to check with your subcontractors policy. There is a web site that I have found where artisan co... Read More »

What is the difference between a public corporation and a private corporation?

Public and private corporations are common types of business entities used in the United States and Europe. They share many of the same features, benefits and disadvantages, with a few key exceptio... Read More »

Are royalties taxed in an S corporation or a C corporation?

Royalties paid to both S and C corporations are taxable. S corporation income is passed through to the owners who must pay their share of the taxes individually, whereas C corporation tax payments ... Read More »