In simple everyday language, Incorporating Your Business describes all the advantages and disadvantages of incorporating your small business or professional practice. You get authentic information about every step of the incorporating process: what it costs; whether or not to incorporate with a lawyer; how to meet incorporation regulations in your state; how many directors and officers to have; and how to minimalize state fees and taxes. Its dozens of money-saving ideas include:
- How to get the most favorable tax treatment and avoid problems with the I.R.S.
- How to put family members on your payroll for overall tax savings
- How to choose the right corporation structure best suited for your business--the Subchapter S corporation, the 1244 corporation, and the professional corporation, among others
- Accounting and legal terms used in establishing and operating a corporation
- Bylaws that can be used or easily adapted to suit your business
- Minutes, notices, and proxy forms for meetings of shareholders and directors
- Sections of the I.R.S. code that deal with corporations