Archive for the ‘Corp/LLC Benefits’ Category
Conducting business under corporate, LLC or limited partnership IRS tax codes offers the Owners and Principals tax deductions not available to individuals. The tax advantages derive from the Owners and Principals ability to deduct expense items before taxation rather than after taxation. Example, as an individual your medical and dental expenses are borne by you after taxable earnings and other income. AS A PRINCIPAL IN A COMPANY ALL THESE EXPENSES MAY BE BORNE BY THE COMPANY AND IRS TAX EXPENSED, with no taxable income to the Principals.
One might think combining the above deductions with the further advantages of a Sub Chapter”S” entity to be a tax euphoria.
Save income tax money by starting your own business. You have control over your expenses, tax deductions, medical, dental, cars, truck. eqipment,entertainment, etc.
BENEFITS OF NEVADA REGISTRATION
