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The Types of Different Corporations and Their Legal Status
To highlight the differences between different types of corporations and their legal statuses, we must first understand what a corporation really is. A corporation is basically an entity that has the authority by the law to act as a distinct person from the shareholders that own it. Generally there are many types of corporations… Read More
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S Corporations And Tax Savings
There are different forms of operating businesses in the market, which have a separate legal status and are eligible to pay taxes to the government on the amount of profit earned during the year. One type of corporation which is exempt from tax payment is an S Corporation. What is an S Corporation? An… Read More
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What Is Nexxus and Why Do I Need It for My Corporation?
Every legal entity has need of an established Nexus (Nevada Office) somewhere or it becomes virtual and is not real, has no real jurisdiction or protection of owners, or in the absence of owners it defaults to who ordered the company with no protection. Therefore, you, or whoever orders the LLC or Corporation will spend money… Read More
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Basic Business Structures
Learn More About Legal Structures of a Business Sole Proprietor A sole proprietorship is considered the simplest form of doing business. In most cases, you simply obtain your business license and you are in business. Income is taxed at your individual level. Sole proprietors are also subject to a 15.3% self-employment tax on all income… Read More