How to Start Your Business The Right Way: A Subchapter's Incorporation
Describes the benefits of incorporating under subchapter S, tells how to reduce taxes, and discusses compensation, fringe benefits, corporate losses, and common tax problems
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The S corporation is the fastest growing type of new-business formation--it is subject to the lowest possible tax rates while offering protection from liability and other benefits of a regular corporation. This practical guide shows how to set up an S corporation or convert an existing corporation, proprietorship, or partnership to ``S'' status. Describes how an S corporation functions, how to administer one, and how to take advantage of its special benefits. Contains forms to convert your present corporation to an S corporation, maintain corporate records in full legal compliance, and protect yourself, your corporation, and other shareholders with essential agreements.
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