In my continuing attempt to be more tech savvy, I have finally created a LaughterLaw.com website. Nothing fancy, but it's getting there. Please check it out at www.laughterlaw.com
Enjoy!
Tuesday, February 9, 2010
Thursday, February 4, 2010
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Wednesday, February 3, 2010
When is an LLC S-Election Appropriate?
When is an LLC S-Election Appropriate?
A limited liability company, or LLC, is a business entity created under state law. Owners, or Members, of an LLC may elect to be treated as a partnership or corporation for federal tax purposes. Simply by checking the partnership box, Members may escape C-Corporation “double taxation” and fall within a pass-through taxation regime. Members may also avoid double taxation by electing to be treated as a corporation and filing an S-Election. Though pass-through status is available to an LLC whether treated as a partnership or S-Corporation, other tax and structural issues make it important for Members to carefully select the tax designation best suited for their business.
For more information, I suggest contacting a tax attorney. Here's a link to my favorite barrister of the internal tax code arts!
Beaufort "Shawn" Martin, Esq., CPA
http://www.linkedin.com/in/bsomartin
A limited liability company, or LLC, is a business entity created under state law. Owners, or Members, of an LLC may elect to be treated as a partnership or corporation for federal tax purposes. Simply by checking the partnership box, Members may escape C-Corporation “double taxation” and fall within a pass-through taxation regime. Members may also avoid double taxation by electing to be treated as a corporation and filing an S-Election. Though pass-through status is available to an LLC whether treated as a partnership or S-Corporation, other tax and structural issues make it important for Members to carefully select the tax designation best suited for their business.
For more information, I suggest contacting a tax attorney. Here's a link to my favorite barrister of the internal tax code arts!
Beaufort "Shawn" Martin, Esq., CPA
http://www.linkedin.com/in/bsomartin
Tuesday, February 2, 2010
Monday, February 1, 2010
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