501(c)(3) vs 508(c)(1)(A)
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Double Taxation with Corporation (C-Corp) vs LLC
Double taxation for a corporation is only valid if one does not redeem in lawful money. The benefit of having a corporation vs an LLC is the corporation DOES NOT pass through any liability; whereas, an LLC will pass through liability, thus it is ...
Which Is Best: One C-Corp (Corporation) OR Multiple C-Corps (Corporations)
Most owners have multiple C-Corps if they have multiple businesses. The more that is separated, the more protection that is offered should one corporation be subject to a lawsuit.
Is A Corporation Necessary (or) Is An Operating Trust Better Than A C-Corp
A C-Corp is not necessary, but serves in lieu of an Operating Trust. A C-Corp is highly recommended for students with a business that earns $100,000+ a year. The upsides to a C-Corp is the ability to have a CPA file any taxes that may occur for a ...
Can a Trust Start a C-Corporation or S-Corporation
Yes, a trust (with an EIN) can start a C-Corporation, but not an S-Corporation. S-Corporations do not allow trusts these same rights. The trust cannot serve because only a natural [living] person can serve as a corporate officer. Although a private ...
Can Operating Trust Take Place of C-Corp, LLC or S-Corp
Yes, Operating Trusts can take the place of a C-Corp, S-Corp or an LLC in a trust web structure, and vice-versa.