What Is a Reasonable Salary For an S Corporation Officer?

Most of us have a general idea about what a reasonable salary is for an S corporation officer. We generally think that the higher the salary, the better off an…

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How to Open a Single-Member LLC – Running Your Business Legally

Single-Member LLCs, also called an ‘automated company’ are becoming increasingly popular, mostly due to the lack of paperwork and bureaucracy involved. In a traditional limited liability company, all of the…

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Limited Liability Company – The Tax Advantages and Disadvantages of an LLC

When you look at the tax advantages and disadvantages of an LLC, it is important to first understand how an LLC is different from a corporation. A corporation is formed…

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How and When to File an Extension on Business Taxes

Most people don’t know when to file an extension on their tax return. That is, until the deadline comes and they are reminded of the due date. Filing extensions on…

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