Comments on: Save Time And Money Using MyCorporation http://www.deniseoberry.com/index.php/2008/11/09/save-time-and-money-using-mycorporation/ Thu, 09 Sep 2010 14:00:46 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: Dana http://www.deniseoberry.com/index.php/2008/11/09/save-time-and-money-using-mycorporation/comment-page-1/#comment-153 Dana Fri, 21 Nov 2008 05:32:32 +0000 http://www.deniseoberry.com/?p=112#comment-153 If you have been thinking about starting your own business, now is the time. It’s no secret that the economy is going through some difficult times, but entrepreneurs with good ideas and the desire to succeed can help turn our economy around. Deborah Sweeney, General Manager of MyCorporation explains “We’ve been successful throughout the ups and downs of the economy over the last decade. We know that small businesses are key to driving economic growth, from the creation of jobs, to stimulating commerce. Right now, MyCorporation has the opportunity, and we welcome the responsibility, to give back to the business community and drive our nation back to prosperity." If you have been thinking about starting your own business, now is the time. It’s no secret that the economy is going through some difficult times, but entrepreneurs with good ideas and the desire to succeed can help turn our economy around. Deborah Sweeney, General Manager of MyCorporation explains “We’ve been successful throughout the ups and downs of the economy over the last decade. We know that small businesses are key to driving economic growth, from the creation of jobs, to stimulating commerce. Right now, MyCorporation has the opportunity, and we welcome the responsibility, to give back to the business community and drive our nation back to prosperity.”

]]> By: Denise O'Berry http://www.deniseoberry.com/index.php/2008/11/09/save-time-and-money-using-mycorporation/comment-page-1/#comment-148 Denise O'Berry Tue, 11 Nov 2008 01:10:54 +0000 http://www.deniseoberry.com/?p=112#comment-148 @Jim -- Not necessarily, but an LLC typically requires less maintenance from a federal / state paperwork perspective and the fees are typically less than maintaining an S-Corp. As an S-Corp, your company has certain requirements for corporate minutes, annual filings and tax returns that aren't required as the LLC business form. Here is some additional info on the comparison between the two business forms - http://www.toolkit.com/small_business_guide/sbg.aspx?nid=P12_4710 You should check with your accountant to see what is the best bet for your company. @Jim — Not necessarily, but an LLC typically requires less maintenance from a federal / state paperwork perspective and the fees are typically less than maintaining an S-Corp. As an S-Corp, your company has certain requirements for corporate minutes, annual filings and tax returns that aren’t required as the LLC business form. Here is some additional info on the comparison between the two business forms – http://www.toolkit.com/small_business_guide/sbg.aspx?nid=P12_4710 You should check with your accountant to see what is the best bet for your company.

]]> By: Jim Labadie http://www.deniseoberry.com/index.php/2008/11/09/save-time-and-money-using-mycorporation/comment-page-1/#comment-147 Jim Labadie Tue, 11 Nov 2008 00:43:24 +0000 http://www.deniseoberry.com/?p=112#comment-147 "An LLC is a company form that also allows limited liability to its owners but has the option of being taxed as another business form." Denise, does this mean I can switch my s-corp to an LLC and save money on taxes? Jim Labadie http://JimLabadie.com “An LLC is a company form that also allows limited liability to its owners but has the option of being taxed as another business form.”

Denise, does this mean I can switch my s-corp to an LLC and save money on taxes?

Jim Labadie
http://JimLabadie.com

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