Corporate Minutes – TaxMama.com

AskTaxMama Newsletter, Tax Quips, Corporate Minutes, Corporations, Deductions, Entities, LLC, Paying Taxes, Payroll, S Corporations, W-2

LLC Option Myths

Posted on March 21, 2019March 21, 2019 by TaxMama

21
Mar

Let’s just clear up some myths about LLCs and the rush to make entity changes. Here are the high points:

*Tax Quips, Business, Corporate Minutes, Corporations, Entities

Today TaxMama® hears from Shar in the TaxQuips Forum, with this observation. “If you start an LLC and elect to have it be taxed as a C-Corp, does this election require you to follow all the ongoing requirements of your state for maintaining a C-Corp (corporate minutes, complete set of books, etc.)? Or can you […]

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*Tax Quips, Business, Business Expenses, Corporate Minutes, Corporations, Interest Expense, Loans, Payroll

How to Waste a Corporation in One Easy Lesson

Posted on August 11, 2011November 5, 2021 by TaxMama

Today TaxMama hears from Kennet in the TaxQuips Forum, who has this issue. “I incorporated my HVAC company from a sole proprietorship (c-corp) six months ago.https://theteacherpreneur.com/wp-content/languages/new/jiskha-homework-help.html I was told that I could temporarily borrow the income coming in from the company to pay my bills – and that I could create a payroll later. Long […]