« previous next »

Author Question: What are the major tax risks involved with incorporating a new business? (Read 1103 times)

Yolanda

  • Hero Member
  • *****
  • Posts: 757
on: Jun 29, 2013
For several years, I've been working with a mentor on opening a business. I'm still working on how large a business I will be able to maintain, and have been contemplating between LLC and a Corporation. Please provide expertise from a tax perspective. Thank you.


hummingbird

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 29, 2013
I don't know about the tax advantages,

However, I do know that there there is "risk involved with any business, 1. restraunts, 2, furniture stores. 3 other retail, I'm not sure ho the others rank, but be sure you do your homework first which it sounds like you are doing.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

Yolanda

  • Hero Member
  • *****
  • Posts: 757
Reply #2 on: Jul 5, 2013
Thanks :)


« previous next »
 

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Internal view of the heart illustrating the heart chambers, heart layers, and major blood vessels as Internal view of the heart illustrating the heart chambers, heart layers, and major blood vessels as
Reversible amino acid modifications involved in regulation of protein activity Reversible amino acid modifications involved in regulation of protein activity
Surface molecules involved in the interaction between an antigen-presenting cell and a CD4+ T cell. Surface molecules involved in the interaction between an antigen-presenting cell and a CD4+ T cell.
Major muscles of the abdomen. Major muscles of the abdomen.
Major Structures of the Human Brain Major Structures of the Human Brain
Several parts of the brain are involved in the interpretation of stress and responses on the part of Several parts of the brain are involved in the interpretation of stress and responses on the part of
Video: Stress and Immune System Animation

For a complete list of videos, visit our video library