Comments on: How to Pay the Lowest Amount of Taxes… part 2 [Payroll Taxes]

By: Ramrao Naidu

Ramrao Naidu — Fri, 29 Jan 2010 19:15:13 +0000

I am looking for Tax materials with lots of practical examples on S Corporations and
LLCs. Please advise – Thanks

By: Barkri

Barkri — Tue, 28 Apr 2009 06:27:26 +0000

Business owners form business entities, such as limited liability companies and corporations to protect their personal assets from business debts and obligations. Usually, the owner’s risk is limited to the amount invested.

However, you can get into trouble with your entity and business liabilities can become your personal liabilities if you don’t follow certain rules with your corporation or LLC.

First, whenever you’re doing business it must always be in the exact corporation or LLC name. If you’re in business as Acme Industrial Enzymes Corporation, that exact name should appear on all of the company’s checks, contracts, invoices and employee business cards.

Never use a shortened name, such as AIE Corp., or any other name unless you’ve filed a fictitious name registration with the state identifying that the name is owned by Acme Industrial Enzymes Corporation (and not the Acme shareholders). And, even then, the full name should still appear on all business documents. Also, make sure the fictitious name is actually owned by the entity and not its owners.

http://www.clickandinc.com/

By: David Power

David Power — Sun, 19 Apr 2009 23:33:12 +0000

Kewl stuff!!! learning new stuff here all the time!!! Expert in Medical Hypnosis, Success Thinking and Practical Parenting David Power's Hour

By: Pett

Pett — Wed, 15 Apr 2009 09:34:42 +0000

Hi,
Thank you! I would now go on this blog every day!

Thank you
Pett

By: April Braswell

April Braswell — Tue, 14 Apr 2009 20:00:08 +0000

I appreciate that even though you are not a tax attorney or cpa providing that expert advise that you provide your street smarts business owner perspective. That is so helpful indeed for small and medium size business owners such as myself.

All the best,

April Braswell

Dating Expert and Online Dating Coach

By: Lisa McLellan

Lisa McLellan — Tue, 14 Apr 2009 17:33:20 +0000

I wonder why my husband always chooses to do an LLC. I'll have to ask him. His degree is in business, so I assume he knows about the S corp. Maybe it has something to do with Massachusetts taxes. Thanks for the info. Lisa McLellan, Child Care Expert - Babysitters, Nannies, and Au-pairs

By: Darryl Pace

Darryl Pace — Tue, 14 Apr 2009 04:27:59 +0000

Thanks for this info, Rob. Your CYA program is very intriguing. Health, Fitness -- Darryl Pace

By: Pat Becker

Pat Becker — Tue, 14 Apr 2009 04:15:59 +0000

You lay out the pros and cons of LLC and S Corp very clearly. Makes it easier to make a decision when all the facts are in front of me. -Pat Business Owners Fast Track to Internet Profits

By: mark mallen

mark mallen — Tue, 14 Apr 2009 03:47:09 +0000

Rob, Excellent description of the difference between an LLC and S corp. Mark Marketingscoops Glacier

By: Don Shepherd

Don Shepherd — Tue, 14 Apr 2009 03:16:10 +0000

Taxes? we were supposed to pay taxes? nobody told me. ok, i'll pay attention now. Don Shepherd oregon or bust

By: Steve Chambers

Steve Chambers — Mon, 13 Apr 2009 23:30:11 +0000

Having a corporation seems like a great idea for saving taxes. It will be even more important over the next few years.

Steve

By: Yann Vernier - ProfitsTactics.com

Yann Vernier - ProfitsTactics.com — Mon, 13 Apr 2009 19:59:57 +0000

I really enjoy your ability to simply explain the benefits and differences of the major types of corporations. This is very clear and practical information, as usual.

All the best,
Yann

By: Sonya Lenzo

Sonya Lenzo — Mon, 13 Apr 2009 18:24:43 +0000

Good stuff on the difference between S Corp and LLC. You are a fount of information for the small business person!
Sunny Marie
http://www.sunnymarie.wordpress.com

By: Jennifer Battaglino

Jennifer Battaglino — Mon, 13 Apr 2009 17:51:29 +0000

I’m an s corp ands still not sure if i am doing the right thing… My accountant seemse to think so but there is no lawyer involved. You’re making me nervous!
Which is a good thing.

Jennifer Battaglino

The Harwood Center – Tinnitus, Chronic Illness, Fers, Phobias, and Anxiety

By: Lynn Lane

Lynn Lane — Mon, 13 Apr 2009 16:51:55 +0000

Rob, That is very good information for folks to take away. I'm glad I used your program before I started Lane Resources Inc. Lynn Lane www.Warriorofsuccess.com

By: JC MacKenzie

JC MacKenzie — Mon, 13 Apr 2009 14:06:06 +0000

Started me thinking, certainly. Not only for me and how I am impacted now but for the girls as well. Thanks JC JC

By: John Ho

John Ho — Mon, 13 Apr 2009 11:28:22 +0000

Pyaing the lowest amount of tax is always the quickest wasy to have yourhands on your hard earned money. Great tips here! John Ho Understanding Personalities for Better Influence & Persuasion (WordPress) Understanding Personalities for Better Influence & Persuasion (Vox Blog)

By: JJ Jalopy

JJ Jalopy — Mon, 13 Apr 2009 10:26:56 +0000

Fantastic information here Rob. I have heard nothing but great things about Your Corporate Veil Pro program. Occasionally American clients will ask about the legal details of setting up their new limited liability businesses. Now I know an expert! Is this the best site to direct them to? Thanks Rob. JJ Jalopy Life Coaching and Home Business Advice with JJ Jalopy

By: Christian Haller

Christian Haller — Mon, 13 Apr 2009 10:24:29 +0000

Great info for anyone starting a new business – LLC, S Corp., and SP. S Corp is definitely better taxes – but you also really need to have a trusted accountant to get the K-1s filed out right.

Christian

By: Bob Kaufer

Bob Kaufer — Mon, 13 Apr 2009 10:22:02 +0000

Rob, Thanks for this post. This is a major factor in the decision between LLC and Corp. The only downfall for the corp route is the time and hassle to actually do payroll and send the fed and state the payroll tax and the fact that if you pay yourself a salary it can limit the amount of money you put into a retirement plan. Bob Kaufer If you MOVE like the Tin Man, you will THINK like the Scarecrow and FEEL like the Lion

By: Duane Cunningham

Duane Cunningham — Mon, 13 Apr 2009 10:17:19 +0000

Hi Rob, Great information for those in business and need to decide between the best way to protect yourself and save tax! Like you said the differences add up enormously over the years and its better having your money in your pocket than the taxman's! Duane Learn Winning Persuasion Techniques that Work Like Magic by Tapping Into the Psychology of the Mind with Persuasion Expert Duane Cunningham!