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Run Your Own Corporation: How to Legally Operate and Properly Maintain Your Company Into the Future by G. Sutton is a practical guide for entrepreneurs and business owners on how to establish, operate, and maintain a corporation effectively while protecting personal assets and ensuring legal compliance.
Incorporation Benefits:
Explains why owning your own corporation can protect personal assets, reduce tax liabilities, and provide legal advantages compared to operating as a sole proprietor or partnership.
Choosing the Right Entity:
Guidance on selecting the appropriate corporate structure (LLC, S-Corp, C-Corp) based on your business goals and legal considerations.
Maintaining Corporate Formalities:
Emphasizes the importance of proper record-keeping, holding meetings, filing annual reports, and other corporate formalities to maintain liability protection.
Legal and Tax Compliance:
Covers payroll taxes, IRS audits, contracts, and other legal obligations to keep your corporation in good standing.
Asset Protection Strategies:
Methods to shield personal assets from business liabilities and lawsuits.
Case Studies:
The book includes illustrative examples of different types of businesses navigating incorporation challenges and solutions over time.
Run Your Own Corporation: How to Legally Operate and Properly Maintain Your Company Into the Future by G. Sutton is a practical guide for entrepreneurs and business owners on how to establish, operate, and maintain a corporation effectively while protecting personal assets and ensuring legal compliance.
Incorporation Benefits:
Explains why owning your own corporation can protect personal assets, reduce tax liabilities, and provide legal advantages compared to operating as a sole proprietor or partnership.
Choosing the Right Entity:
Guidance on selecting the appropriate corporate structure (LLC, S-Corp, C-Corp) based on your business goals and legal considerations.
Maintaining Corporate Formalities:
Emphasizes the importance of proper record-keeping, holding meetings, filing annual reports, and other corporate formalities to maintain liability protection.
Legal and Tax Compliance:
Covers payroll taxes, IRS audits, contracts, and other legal obligations to keep your corporation in good standing.
Asset Protection Strategies:
Methods to shield personal assets from business liabilities and lawsuits.
Case Studies:
The book includes illustrative examples of different types of businesses navigating incorporation challenges and solutions over time.
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