“The self-employed person can't just go to the end of the year and say here's how much I owe. You are required by law to make payments during the year.” -- Don Roberts Some of my favorite clients -- the self-employed -- are looking to settle up with the government for 2016 and, the very, very good ones, are filing their quarterly taxes for this … [Read more...]
Over The Counter Relief
“Choose well, your choice is brief, and yet endless.” - Johann Wolfgang von Goethe In the most recent two installments we’ve discussed what it takes to list your small business on the NASDAQ and the NYSE MKT. The NASDAQ and the NYSE MKT are both the entry level of what are called listed exchanges. There is one additional exchange that is not … [Read more...]
From the Mail Bag – a Question of Nexus
“Trade is the oldest and most important economic nexus among nations. Indeed, trade along with war has been central to the evolution of international relations.” - Chapter Five, The Politics Of International Trade, p. 171 We love mail. We read our mail, and we always try to answer your questions with an email. However, this week, … [Read more...]
S-Corp vs. An LLC: A Final Observation About Making Your Choice
“We all make choices, but in the end our choices make us.” ― Ken Levine Over the last few weeks on the blog I’ve attempted to explore some of the differences between an S-Corporation (S-Corp) and a limited liability corporation (“LLC”). The point of this examination is to aid entrepreneurs better understand when it is appropriate to use one form … [Read more...]
Weird Throwbacks – Apple Watches, Artisanal Cheeses, and the Publication Requirements for New York LLC’s
“Publication is to thinking as childbirth is to the first kiss.” - Karl Wilhelm Friedrich Schlegel In the last few blog posts we have undertaken a general comparison in the tax treatment and various other factors that are relevant when deciding whether it’s better to form an S-Corporation or a Limited Liability Company (“LLC”) for your next … [Read more...]
The Tax Treatment of LLC’s vs. S-Corps: The House Always Wins
"I wear the chain I forged in life," replied the Ghost. "I made it link by link, and yard by yard; I girded it on of my own free will, and of my own free will I wore it.” ― Charles Dickens, A Christmas Carol What is the tax benefit (if any) to forming a company as a limited liability company (LLC) rather than an S Corporation (S-Corp)? As we … [Read more...]
The Great Debate Rages On – Limited Liability Company or S Election?
“Lady or Tiger, which did she choose?” – The Apple Tree Every entrepreneur faces one basic issue at the beginning of the life of the business – what sort of business entity is best suited for your new company? Should it be a partnership, a corporation or a limited liability company? As basic as this question is, there is no simple answer. … [Read more...]
