Accounting, Bookkeeping, & Tax Blog

Your business's state tax ID is necessary to perform many of your core duties, such as applying for state-level permits or paying state income tax. Failing [...]

Converting your California small business entity to an S corporation is a great decision that provides numerous advantages, but it requires more formalitie [...]

Both offer liability protection and unique tax advantages, but they diverge significantly in terms of ownership structure, management complexity, and growt [...]

Forming a multi-member LLC is a popular choice among entrepreneurs due to its flexibility, favorable corporate tax considerations, and liability protection [...]

Many entrepreneurs reach a point where self-employment taxes cut too deeply into profits, which is when the S corp election becomes a smarter financial mod [...]

This entity offers a powerful way to save on self-employment taxes while still being shielded by limited liability protection. But before you dive in, you’ [...]

At a high level, the main distinction between a partnership and a corporation lies in legal separation. A corporation is a distinct legal entity separate f [...]

There are numerous benefits and strategic advantages of establishing your business as an LLC in California. The state offers a large workforce, diverse ind [...]

Selecting the optimal legal and tax structure for your new business is one of the most consequential decisions you'll make. While there are several options [...]