Ongoing Management and Protection

S Corp Election Deadline Is Approaching So Don’t Delay – Business Article

If your business is an LLC or C Corporation—or if you are an accountant, attorney, tax advisor, business consultant, etc. who helps entrepreneurs—realize that the S Corp election deadline is fast approaching on March 15, 2019. So if you want to be taxed as an S Corp for the 2019 tax year, now is the time to act.  What is an S Corporation? First things first, let’s step through what an S Corp is and its potential small business advantages.…

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Business Startup Deductions to Take in 2018 – Business Article

Did you start a business this year? If you started a business in 2018, any startup expenses you incurred for planning, researching, or outfitting your office may be eligible to be claimed as a business startup deduction to take in 2018 and claim it on your 2018 return. Let’s begin with determining your start date. Just because you’ve filed incorporation papers (such as articles of incorporation or articles of organization) and have been issued a Federal Tax ID number or Employer…

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Do You Need Annual Meeting Minutes for Corporations and LLCs? – Business Article

Because some corporations must hold annual meetings and draft annual meeting minutes for satisfying their business compliance responsibilities, it’s important to know if this requirement applies to your company. What should you know about them? What do they include? Must LLCs hold an annual meeting and prepare minutes, too? These are just a few of the questions you might be wondering about. Let’s dig into this topic so that you’ll have a basic understanding of what you might need to…

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