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Starting More Than One Company
There really is no limit as to how many business someone can
own and run. Witness today’s giant corporations, which often own 20 or 30 different companies. If they can do it, so can you, and for equally good a reason — sometimes it benefits you economically to have more than one company.In the particular case of someone who wants to start a leasing company and lease trucks to another company that is a sole proprietorship, these two businesses must be kept financially and legally separate. They need to be set up as different companies, have different tax ID numbers, and file separate tax returns.
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A C corporation is a legal entity that exists separately from its owners and is taxed as a separate entity. As a result, C corporations ......
The IRS has targeted small businesses with stepped-up audits and more red tape to close the so-called "tax gap." But better education and a simplified ......
Regular corporations must pay tax on corporate income and shareholders must pay on dividends.
Which small businesses have the best chance of producing a healthy return? The following are highlights of a study that compiled data for 120 different ......
Which small businesses have the best chance of producing a healthy return? The following are highlights of a study that compiled data for 120 different ......
While a sole proprietorship is the optimal choice for many people starting small businesses, some people select this method primarily because it is the easiest ......
The IRS has debuted a new tool on its Web site to help customers apply for relief with an offer in compromise. The interactive application ......
The IRS has debuted a new tool on its Web site to help customers apply for relief with an offer in compromise. The interactive application ......
Name of the company: A Solution Established: May, 2000 Location: PO Box 110098 Anchorage, AK 99511 Telephone: 907-677-1466 Focus of Service: A Solution is a ......
President Boxcar Press Age: 28 Do you have ideas to attract and keep the youth in the Syracuse area? More (non-alcohol) related social activities (i.e., ......
The Internal Revenue Service has finalized rules that allow most businesses to choose whether they will be treated as a corporation or as a passthrough ......
"I'm not a fiber artist," said a modest Carolyn Zwahlen. "I just weave for my own pleasure and for my friends." This statement is only ......
The Safest & Riskiest Small Businesses "What are the safest small businesses to start, and what are the riskiest? One measure of risk is ......
Facts: John Thornberg, an inventor with an electrical engineering background, started a sole proprietorship three years ago in his garage to develop superior automobile audio ......
Q I am launching my own small business venture, but I have some questions regarding business structures. Is there a right or wrong choice when ......
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