Acacia’s Learning Center.
Understand the differences between S corporations, C corporations, Limited Liability Companies, LLC, Series LLCs, Trusts, and Foundations. Comprehend State Tax strategies.
Establishing Your Business State Nexus.
The nexus of the corporation (or LLC) is all the links or relationships that make the company operate together. Some of these include the state where the bank account is established, the listed phone numbers of the company, the mailing address of the company, where any physical plant is located, and more.
Incorporating and Forming Entities, Q & A.
Find out answers to the most asked questions here. If your questions are not answered feel free to contact any time.
S Corporation versus C Corporation
The biggest difference between C and S corporations is taxes. C corporations pay tax on their income, plus you pay tax on whatever income you receive as an owner or employee. An S corporation doesn’t pay tax. Instead, you and the other owners report the company revenue as personal income.
Trusts Asset Protection and Estate Tool
Trusts are one of the most common asset protection and estate planning tools in use today. Because an irrevocable trust is recognized as a separate legal entity, any assets in the trust will not be subject to probate should a family member die. Additionally, trusts maintain a unique legal autonomy unlike a statutory corporate structure.
Understanding Non-Profits & Foundations
Now is the perfect time for starting your tax-exempt organization. The nonprofit organization sometimes referred to as a private foundation, is used for religious, scientific, or educational purposes and as an estate planning tool.