Incorporation Attorneys Norfolk NE
University of Nebraska, Lincoln
Nebraska City, NE
Undergraduate : Creighton University
Law School : University of Nebraska
Admitted To Bar : 1999
Nebraska State Bar Association
Michigan State University School of Law
Which Incorporation is right for me?
The most common type of corporate structure is the General Corporation . General corporations may have an unlimited number of stockholders, so this structure is ideal for publicly traded businesses and others that plan to issue stock to a number of stockholders. However, this format is the most heavily regulated and formal type of incorporation. Close Corporations are very similar to General Corporations, except there cannot be more than 50 stockholders.
S Corporations are similar to General and Close Corporations, with an additional benefit in terms of how profits are taxed. Income and losses for S corporations are reported on the personal tax returns of the owners of the corporation. This means that corporate profits are taxed only at the individual level. With the other forms of incorporation, profits are reported on both the corporate tax returns and the tax returns of the owners.
Limited Liability Corporations are actually not corporations, so there is no stock...