If minimizing tax liabilities, maximizing tax benefits, and boosting profits are important concerns for your business, then an incorporation as an S-Corp could be the solution. It is a good alternative for small businesses that are considering incorporation but do not wish to go public. The Law Offices of Alex R. Hernandez Jr. help businesses achieve this by working with them through the process of getting incorporated.
Our lawyers will work with you at each step. We will inform you of your rights and duties in terms of qualifications to become a shareholder, the number of shareholders, and the type of stock that can be offered. Domestic corporations with less than 100 shareholders holding only one class of stock qualify for an S-Corp.
Under Subchapter S of the Internal Revenue Code, an S-Corp is taxed as a partnership while enjoying tax benefits extended to a corporation. Tax savings, an existence independent of shareholders, and liability protection are the chief advantages that this incorporation offers.
Our corporate lawyers will assess the risks you face in such an incorporation. While there are no inherent risks in this option, you must be prepared for strict compliance with the laid down procedures.
If you feel that an S-Corp is a good idea but need professional help to make an informed decision then get in touch with us, and we will help you with a course of action best suited for your business.
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