Which Type Of Corporation Should You Start

How to start a business corporation.. See:

You have to start a business if you ever want to control your financial future. Because you already know that as long as you work for someone else, you will never get rich, since he or she will always control how much you make, when you must come to work and just where your life will be heading. But you can put a stop to this right now, by acting on your ideas and begin to form and shape your company, so that you can begin to contribute fully to the universe by enriching and enlarging it. And you will be able to do that once you become a business owner, because you will soon help your fellow brothers and sisters by giving them jobs, and in doing so you will help them to earn a living so they can provide for their family, and then the cycle of life will continue, but it will be moving in a positive direction since those people that you employ will provide for their kids who can go to school and learn about history and how to put together ideas. And then from those ideas, those kids too will be able to start a business to bless others, thereby continuing to enrich the universe and co-create with the creator of all life. And I explained all this to you Beloved, so you can see just how important it is for you to act on your ideas, because you are an important part of the matrix, as well you are a branch of the creator of all life, and you are him and he is you. And this is why you have the power to create whatever future you want in this realm. So, which type of business corporation should you start? Well take a look below and see what is expected for each one. By James Dazouloute

How to start a Corporation.. See:


Sole Proprietorship vs. C Corporation vs. S Corporation vs. LLC
Sole 
Proprietorship
C Corp
S Corp
Limited Liability Company (LLC)
Formation
Requirements, 
Costs
NoneMust file with state, 
state specific filing 
fee required.
Must file with state, 
state specific filing 
fee required.
Must file with state, state specific filing 
fee required.
Personal
Liability
Unlimited liability.Shareholders are not 
typically held liable.
Shareholders are not 
typically held liable.
Members are not typically held liable.
Administrative 
Requirements
Relatively few 
requirements.
Election of board of 
directors/officers, 
annual meetings, and
annual report filing 
requirements.
Election of board of 
directors/officers, 
annual meetings, and
annual report filing 
requirements.
Relatively few requirements.
ManagementFull control.Shareholders elect 
directors who 
manage business 
activities.
Shareholders elect 
directors who 
manage business 
activities.
Members can set up structure as they 
choose.
TermTerminated when 
proprietor ceases 
doing business or 
upon death.
Perpetual: can extend 
past death or 
withdrawal of 
shareholders.
Perpetual: can extend
past death or 
withdrawal of 
shareholders.
Perpetual, unless state requires fixed 
amount of time.
TaxationEntity not taxable. 
Sole proprietor 
pays taxes.
Taxed at corporate 
rate and possible 
double taxation: 
Dividends are taxed 
at the individual level 
if distributed to 
shareholders.
No tax at the entity 
level. Income passed 
through to the 
shareholders.
No tax at the entity level. Income passed 
through to members.
Double TaxationNoYes, taxed at 
corporate level and 
then again if 
distributed to 
shareholders in the 
form of dividends.
NoNo
Self Employment 
Tax
Subject to self 
employment tax.
Salary subject to self 
employment tax.
Salary subject to self 
employment tax, but 
shareholder 
distributions are not 
subject to 
employment tax.
Salary subject to self employment tax.
Pass Through Tax 
Treatment
YesNoYesYes
Tax Forms1040IRS Form 1120IRS Form 1120S
Shareholders get K-1 
for personal tax 
returns.
1 member: sole proprietor IRS Form 
1040 - Schedule C
Partnership: IRS Form 1065, Members 
get K-1
Transferability of 
Interest
NoShares of stock are 
easily transferred.
Yes, but must observe 
IRS regulations on 
who can own stock.
Possibly, depending on restrictions 
outlined in the operating agreement.
Capital RaisingIndividual provides 
capital.
Shares of stock are 
sold to raise capital 
(Securities laws 
apply).
Shares of stock are 
sold to raise capital. 
Limitations prevent S 
corp stock ownership 
by corporations.
May sell interests, but subject to 
operating agreement
(Securities laws may also apply).
Ease of OperationEasiestMust have annual 
meetings, Board of 
Directors meetings, 
corporate minutes, 
and stockholder 
meetings.
Must have annual 
meetings, Board of 
Directors meetings, 
corporate minutes, 
and stockholder 
meetings.
Easy, some states may require more 
than others.
For many small business owners choosing a C corp, S Corp, or Limited Liability Company (LLC) is the first step in incorporating. The above 
entity comparison table was designed as a helpful reference and is not intended as tax or legal advise. We do not provide tax or legal advice.
If you feel like you may need tax or legal advice it's recommended that you contact an attorney or CPA.   


How to start a Corporation.. See:


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What Is Goodwill To Mankind And How To Use It

Goodwill to mankind and how to show it... See

What Is Goodwill that you must get some of it in order for you to better the lives of humanity? And if it is so great, then how come Mankind is not filled with it? Since after all, Love – Hate – Greed – Jealousy are all plentiful in Man's heart, and yet Goodwill seems to elude them. And since Goodwill as it is has a double meaning, in that it means to be friendly, to be helpful and to be kind in relation to others. Then it also means, the value of an entity over and above the value of its assets, and you could relate this to a great person in that his or her true value is worth far more than their physical assets such as strength, money and knowledge, but because their heart is so big and all they want is for their brother to have life and have it more abundantly, then their true value is way higher than what they can actually do.  


So how do you use goodwill as a philanthropist? Well you must open up your heart to truly love, and never hate anything or anyone. For if you are busy hating someone or something, then you will never find the time to love all the wonderful attributes about that person. So of course you must really want to improve the life of just one other human being, you must really want to make a positive difference in the life of the less fortunate, and you have to absolutely want to be kind especially to those who hate you, who persecute you, and who even want your head.

Because then you will truly be showing your goodwill, your uniqueness and even your Godliness. For then you will be the long-awaited hero of humanity, the shining example that every other human being will want to aspire to, and the true great pioneer of Goodwill. And believe me Fellow Philanthropist, you live in a world of murderers, of abusers, of dictators, of selfishness, and of warmongers; so whatever little you can begin to do today to be helpful, to be kind, to  assist anyone and everyone, then you will be greatly appreciated. Since every other person is out to get whatsoever he or she can get for him or herself, and will step on his own blood brother to do it, as well as use him and murder him, then you must be the one to join me in demonstrating Goodwill.  
What is goodwill? Find Out:


You and I are Humanity's last hope for Goodwill, and I am teaching as well as sharing, so you have to pick one person within your close circle who is truly hateful, truly unlovable, and definitely undesirable or even murderous, and begin to show Goodwill or kindness or helpfulness to that person in every which way possible. After all, isn't that what your God did for you, for when you were unlovable, He became love just to love you with. By James Dazouloute
See how to show goodwill...



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 Why Philanthropy And Charity Are For You Too.  By James Dazouloute --- Get More Info. Right Now:

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