Comments on: S-Corp’s vs. LLC’s http://www.feld.com/wp/archives/2006/02/s-corps-vs-llcs.html Mon, 13 Feb 2012 20:16:36 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: LLC vs. S-Corp, but definitely not a sole proprietership. | GOOD SUPPLY CO. http://www.feld.com/wp/archives/2006/02/s-corps-vs-llcs.html/comment-page-3#comment-54266 LLC vs. S-Corp, but definitely not a sole proprietership. | GOOD SUPPLY CO. Thu, 27 Oct 2011 02:54:44 +0000 http://www.feld.com/wp/?p=876#comment-54266 [...] http://www.feld.com/wp/archives/2006/02/s-corps-vs-llcs.html [...] [...] http://www.feld.com/wp/archives/2006/02/s-corps-vs-llcs.html [...]

]]> By: 401k Plan Design: Corporate Structure And Controlled Groups http://www.feld.com/wp/archives/2006/02/s-corps-vs-llcs.html/comment-page-3#comment-53332 401k Plan Design: Corporate Structure And Controlled Groups Sun, 11 Sep 2011 18:42:09 +0000 http://www.feld.com/wp/?p=876#comment-53332 [...] the same five (or less) people together own more than 50% of the stock value or voting power of each corporation, taking into account the ownership of each of these people only to the extent their ownership is identical with respect to each corporation. Example: Corp A owns 100% of Corp B, 80% of Corp C, and 70% of Corp D. The remaining ownership of each company is held by unrelated persons. In this scenario Corp A, Corp B, and Corp C are members of a controlled group, but Corp D is not because Corp A owns less than 80% of Corp D. For corporate structures that contain a chain ownership of multiple companies and individuals, complicated attribution rules may apply. It is possible that a company may be considered part of an “affiliated service group” (which may also affect a 401k plan) if separate organizations provide services to one another and certain ownership rules are met. If you have questions regarding your corporate structure and how it may affect your 401k plan, please contact us.Many employers have complicated corporate structures. These may include subsidiaries, holding compan...p://401k-employee-benefits.com/wp-content/uploads/2011/02/401k-plan-design-and-corporate-structure-300x225.jpg" alt="corporate structure shapes 401k plan design " width="300" height="225" />[/caption] The Internal Revenue Code provides that all employees of all employers that are part of the same “controlled group” of corporations be treated as employees of a single employer. The most common issue that exists as a result of this rule is that all employees of all employers that are deemed part of a controlled group must be included in nondiscrimination testing and coverage tests, even if those employees are not participating in the plan. A “controlled group” exists if a certain parent-subsidiary or brother-sister group exists. A parent-subsidiary controlled group exists if the corporations are connected with at least 80% stock ownership. A brother-sister controlled group exists if: [...] [...] the same five (or less) people together own more than 50% of the stock value or voting power of each corporation, taking into account the ownership of each of these people only to the extent their ownership is identical with respect to each corporation. Example: Corp A owns 100% of Corp B, 80% of Corp C, and 70% of Corp D. The remaining ownership of each company is held by unrelated persons. In this scenario Corp A, Corp B, and Corp C are members of a controlled group, but Corp D is not because Corp A owns less than 80% of Corp D. For corporate structures that contain a chain ownership of multiple companies and individuals, complicated attribution rules may apply. It is possible that a company may be considered part of an “affiliated service group” (which may also affect a 401k plan) if separate organizations provide services to one another and certain ownership rules are met. If you have questions regarding your corporate structure and how it may affect your 401k plan, please contact us.Many employers have complicated corporate structures. These may include subsidiaries, holding compan…p://401k-employee-benefits.com/wp-content/uploads/2011/02/401k-plan-design-and-corporate-structure-300×225.jpg" alt="corporate structure shapes 401k plan design " width="300" height="225" />[/caption] The Internal Revenue Code provides that all employees of all employers that are part of the same “controlled group” of corporations be treated as employees of a single employer. The most common issue that exists as a result of this rule is that all employees of all employers that are deemed part of a controlled group must be included in nondiscrimination testing and coverage tests, even if those employees are not participating in the plan. A “controlled group” exists if a certain parent-subsidiary or brother-sister group exists. A parent-subsidiary controlled group exists if the corporations are connected with at least 80% stock ownership. A brother-sister controlled group exists if: [...]

]]> By: Starting Your First Company? What to Read When You Don’t Know What You Don’t Know : melanie.io http://www.feld.com/wp/archives/2006/02/s-corps-vs-llcs.html/comment-page-3#comment-48162 Starting Your First Company? What to Read When You Don’t Know What You Don’t Know : melanie.io Thu, 03 Mar 2011 05:14:00 +0000 http://www.feld.com/wp/?p=876#comment-48162 [...] Debating between an LLC or a Corp? Do not be cheap, hire a good lawyer, and form an S-Corp. If you never plan on taking a dime of money from anyone other than your mother – then you can form an LLC. Explanation here. [...] [...] Debating between an LLC or a Corp? Do not be cheap, hire a good lawyer, and form an S-Corp. If you never plan on taking a dime of money from anyone other than your mother – then you can form an LLC. Explanation here. [...]

]]> By: Maximus http://www.feld.com/wp/archives/2006/02/s-corps-vs-llcs.html/comment-page-3#comment-48982 Maximus Thu, 30 Dec 2010 18:37:00 +0000 http://www.feld.com/wp/?p=876#comment-48982 This might be an unrelated topic, but how about a S-corp getting funding? Is that possible and if so, are there any benefits of getting funding by being a C-corp? Thanks again Brad! This might be an unrelated topic, but how about a S-corp getting funding? Is that possible and if so, are there any benefits of getting funding by being a C-corp?

Thanks again Brad!

]]> By: iphone ringtone converter http://www.feld.com/wp/archives/2006/02/s-corps-vs-llcs.html/comment-page-3#comment-41489 iphone ringtone converter Tue, 26 Oct 2010 19:19:39 +0000 http://www.feld.com/wp/?p=876#comment-41489 Directly in 褟斜谢芯褔泻芯 Directly in 褟斜谢芯褔泻芯

]]> By: Alex http://www.feld.com/wp/archives/2006/02/s-corps-vs-llcs.html/comment-page-2#comment-41160 Alex Sat, 16 Oct 2010 17:34:18 +0000 http://www.feld.com/wp/?p=876#comment-41160 I'm starting an SEO company in Chicago and this is a question I have been trying to figure out as well. From your article it seems like an S-corp is probably more advantageous for tax purposes, but isn't an S-corp also subject to double taxation? The corp gets taxed on profit and you get taxed on income. As a sole owner, would that mean I pay taxes twice on the same income? If so, then the LLC option seems much more advantageous. I'm starting an SEO company in Chicago and this is a question I have been trying to figure out as well. From your article it seems like an S-corp is probably more advantageous for tax purposes, but isn't an S-corp also subject to double taxation? The corp gets taxed on profit and you get taxed on income. As a sole owner, would that mean I pay taxes twice on the same income? If so, then the LLC option seems much more advantageous.

]]> By: Alex http://www.feld.com/wp/archives/2006/02/s-corps-vs-llcs.html/comment-page-2#comment-46461 Alex Sat, 16 Oct 2010 17:34:18 +0000 http://www.feld.com/wp/?p=876#comment-46461 I'm starting an SEO company in Chicago and this is a question I have been trying to figure out as well. From your article it seems like an S-corp is probably more advantageous for tax purposes, but isn't an S-corp also subject to double taxation? The corp gets taxed on profit and you get taxed on income. As a sole owner, would that mean I pay taxes twice on the same income? If so, then the LLC option seems much more advantageous. I'm starting an SEO company in Chicago and this is a question I have been trying to figure out as well. From your article it seems like an S-corp is probably more advantageous for tax purposes, but isn't an S-corp also subject to double taxation? The corp gets taxed on profit and you get taxed on income. As a sole owner, would that mean I pay taxes twice on the same income? If so, then the LLC option seems much more advantageous.

]]> By: ken http://www.feld.com/wp/archives/2006/02/s-corps-vs-llcs.html/comment-page-2#comment-37146 ken Thu, 26 Aug 2010 01:30:15 +0000 http://www.feld.com/wp/?p=876#comment-37146 starting to flip homes, what would be better LLC or S Corp or C Corp starting to flip homes, what would be better LLC or S Corp or C Corp

]]> By: ken http://www.feld.com/wp/archives/2006/02/s-corps-vs-llcs.html/comment-page-2#comment-46460 ken Thu, 26 Aug 2010 01:30:15 +0000 http://www.feld.com/wp/?p=876#comment-46460 starting to flip homes, what would be better LLC or S Corp or C Corp starting to flip homes, what would be better LLC or S Corp or C Corp

]]> By: Sandra http://www.feld.com/wp/archives/2006/02/s-corps-vs-llcs.html/comment-page-2#comment-46459 Sandra Sun, 11 Jul 2010 23:46:02 +0000 http://www.feld.com/wp/?p=876#comment-46459 My 25 yr old son and I own 50% of the family business but my stbx is abusive and has held money over our heads for years. We have never received a dispersement, but he puts an amount on the tax form each year as if we had. I have no money to live on as he closed our personal accounts, moved the business accounts and give me no access. Is there anything I can do? I can't even afford an attorney right now. My 25 yr old son and I own 50% of the family business but my stbx is abusive and has held money over our heads for years. We have never received a dispersement, but he puts an amount on the tax form each year as if we had. I have no money to live on as he closed our personal accounts, moved the business accounts and give me no access. Is there anything I can do? I can’t even afford an attorney right now.

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