Category Archives: S-Corp
Although a trust can be a permitted shareholder in an S corporation, only certain kinds of trusts are so permitted under Section 1361 of the Internal Revenue Code. If a trust is not one of the trusts specifically authorized by the Internal Revenue Code, however, and becomes a shareholder, the Corporation ceases to be a qualified S corporation and will be taxed as an ordinary C corporation. Thus, when a Living Trust becomes the owner of S corporation stock, there can be resulting difficulties for both the Grantor’s heirs and for the S corporation itself if an estate lawyer is not involved.
Learn more in this episode of The Bottled Business Sense Show.
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WFB LEGAL CONSULTING–LAWYER FOR BUSINESS–A BEST ASSET PROTECTION Services Group
Bill Bernard – WFBLegalConsulting.com bill@wfblegalconsulting.com 949.698.6222
Rick Moscoso – Captivate365.com rick@captivate365.com 949.667.1182
The Bottled Business Sense Show provides practical business perspectives that uniquely emphasize both legal and media marketing strategies that protect and insure the longevity of your business.
WFB LEGAL CONSULTING–LAWYER FOR BUSINESS–A BEST ASSET PROTECTION Services Group
It is well worth your time to know the basic differences between an S-Corp and LLC before you ask a licensed professional for a recommendation. Surprisingly there are many across the country that miss the mark and give truly damaging advice that costs small business owners thousands of dollars.
Here are five of the major factors that the lawyers typically consider when making a recommendation of an S Corp to clients.
WFB LEGAL CONSULTING–LAWYER FOR BUSINESS–A BEST ASSET PROTECTION Services Group
Bill Bernard – WFBLegalConsulting.com
bill@wfblegalconsulting.com
949.698.6222
Rick Moscoso – Captivate365.com
rick@captivate365.com
949.667.1182
The Bottled Business Sense Show provides practical business perspectives that uniquely emphasize both legal and media marketing strategies that protect and insure the longevity of your business.
WFB LEGAL CONSULTING–LAWYER FOR BUSINESS–A BEST ASSET PROTECTION Services Group
