What are the advantages of forming a Corporation?
There are several advantages to organizing your business as a formal corporation. A corporation is a separate legal entity that is distinct from its individual owners. Businesses that …
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What is an S Corporation?
There are several different types of corporations from which business owners can choose when they initially set up their business. One type of corporation is an S corporation. The …
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What is a C Corporation?
A C corporation is the most common type of corporation. The “C” refers to the subchapter of the Internal Revenue Code which explains the rules of taxation for this type of business …
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An Ounce of Prevention - How Businesses Can Minimize the Threat of Litigation
Litigation is not only a nuisance for a business; it can also lead to a business’s demise. The uncertainty of pending litigation can make existing and potential investors nervous and unwilling to provide the resources necessary for the business to succeed. The damage may be done even if the business is ultimately cleared of any wrongdoing. Of course, if the business is …
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The Sarbanes Oxley Act: Success or Failure?
After the Enron scandal shocked the world and created doubt about the accounting principles of public companies, the United States Congress passed the Sarbanes-Oxley Act of 2002. The Sarbanes-Oxley Act created new standards that had to be met by publicly traded companies and accounting companies. It was designed to protect shareholders from fraud that could ultimately destroy their …
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