Nobody loves paying taxes, but they’re inevitable, and if you want to continue doing business as a corporation, you need to pay them. Not paying taxes could cost you your good standing, and if you let your corporate taxes go unchecked, your state could even dissolve your business. The most … Read more about What Is Corporate Income Tax?
Corporate bylaws are the most important document in a corporation’s records, as this document outlines many crucial aspects of how your corporation will operate. That said, bylaws themselves can seem overwhelming if you’re unfamiliar with them. This guide will cover what bylaws are, why you … Read more about What Are Corporate Bylaws? (A Simple Answer)
Corporations must maintain detailed business records to operate in a compliant manner. One such record is the incorporator’s statement (also called the statement of incorporator in some states). Although the statement is usually relatively short, it plays an important part at the beginning of … Read more about What Is an Incorporator’s Statement?
Taxes are a non-negotiable part of conducting business. Unfortunately, taxes can be overwhelming, especially for corporations. For one thing, the tax code changes a little bit each year, and then there are all the different types of taxes that apply to a business: corporate income taxes, business … Read more about How Is a Corporation Taxed?
If you’ve done any research on corporations, then you’ve likely encountered the terms “C corporation” and “S corporation.” C corporations are the most common — when you form a corporation, you create a C corporation by default. Converting a C corporation to an S corporation requires additional … Read more about What is an S Corporation?
If you’re considering a DBA for your business, then you’re in good company. Many sole proprietorships and general partnerships are adding these “doing business as” names to their companies, and you’ll even see limited liability companies (LLC) and corporations using them at times as well. But … Read more about Does Filing a DBA Protect Personal Assets?
If you’re a certified professional and you want to start a corporation, chances are you’ve heard the term “professional corporation” or PC. The professional corporation shares many characteristics with traditional corporations, but with a few important distinctions. The professional … Read more about What Is a Professional Corporation or PC?
News flash: nonprofit corporations and 501(c)(3)s are not created equal. But too often, the two terms are used interchangeably, and that misunderstanding can set an organization up for fines, penalties, and late fees. While a 501(c)(3) organization is usually a type of nonprofit corporation, … Read more about Nonprofit Corporation vs 501(c)(3): What’s the Difference?