How to Start Your Own S Corporation

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Author: Robert A. Cooke

ISBN-10: 0471398128

ISBN-13: 9780471398127

Category: Taxes & Taxation

A fully revised version of an invaluable book for entrepreneurs and small business owners\ There is an ever-expanding market for entrepreneurs encouraged by strong economic growth in the United States-and new rules have made the Subchapter S formation even more favorable for entrepreneurs. This is a timely revision which includes a wealth of new information. For example, the author adds the medical expense fringe benefits rules that now allow two percent-plus stockholders to deduct a...

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Everything you need to know about forming an S corporation or limited liability companyThis new Second Edition of How to Start Your Own S Corporation provides small business owners with the real facts about forming an S corporation. Newly updated, this one-of-a-kind guide tells you everything you need to know on the subject, with step-by-step guidance, savvy insider tips, and a wealth of hard-to-get information on S and every other type of corporation your business may qualify for. This Second Edition updates the many changes in income tax law since the original publication, including the expansion of the allowed number of stockholders, the new rule that S corporations can own subsidiary corporations, new rules for medical expense benefits, and new IRS rules for LLC classification. The Second Edition of How to Start Your Own S Corporation includes:•Up-to-date information on recent changes in tax law affecting S corporations, LLCs, and stockholder rules•The latest updated IRS forms•Clear explanations of the advantages and disadvantages of S corporations, LLCs, partnerships, C corporations, and other legal forms of business•Straightforward expert advice on choosing the business form that’s right for your goals and income level•A detailed plan for setting up your corporation and finding affordable professional assistance•Dozens of eye-opening, real-life examples •New information when tax law changes at www.robertcooke.comSo, whether you are thinking about starting your own business or you already own a small business, the Second Edition of How to Start Your Own S Corporation will give you all the insider information you need to take full advantage of current tax law. Booknews Provides small business owners with facts about forming an S corporation and offers step-by-step guidance, insider tips, and hard- to-find information on S and every other type of corporation a business may qualify for. Includes examples of filled-out forms, blank forms and instructions, and tax rate tables. This second edition incorporates changes in income tax law since the last edition was published in 1995. Cooke has 20 years of experience in public accounting and has taught seminars on finance and accounting for several organizations. Annotation c. Book News, Inc., Portland, OR (booknews.com)

S Corporation--The Universal Cure--Maybe.How Forms of Business Organization Are Taxed.When to Be an S Corporation.Procedures for Becoming and Continuing as an S Corporation.More Nit-Picking Rules--Some Good/Some Bad.An Alternative--The Limited Liability Company (LLC).Appendix A: Tax Rate Schedules for 2000.Appendix B: Limited Liability: How Limited Is It?Appendix C: S Corporation Documents and Forms.Appendix D: Limited Liability Company Documents and Forms.Appendix E: Records to Be Kept and Information to Be Filed.Index.

\ BooknewsProvides small business owners with facts about forming an S corporation and offers step-by-step guidance, insider tips, and hard- to-find information on S and every other type of corporation a business may qualify for. Includes examples of filled-out forms, blank forms and instructions, and tax rate tables. This second edition incorporates changes in income tax law since the last edition was published in 1995. Cooke has 20 years of experience in public accounting and has taught seminars on finance and accounting for several organizations. Annotation c. Book News, Inc., Portland, OR (booknews.com)\ \