The ruling hinges on the corporation and trust being treated as a single entity and meeting other requirements under Regs.

Buying and selling real estate in a corporation gives you limited liability against lawsuits. This makes the corporation responsible for paying any judgments or settlements. In addition, your personal ...

A corporation is a legal entity separate and distinct from its shareholders. The corporate form generally shields shareholders from personal liability for the corporation’s debts. However, ...

Your nonprofit company reports the money you pay your employees on their W-2 forms. If you pay at least $600 to a non-employee during the tax year, you report it to them and the IRS on Form 1099-NEC.

The United States Census Bureau announced that it has received 52,151 business applications to form corporations for July 2021. This indicates a 1.2% increase in application volumes from the previous ...

Opinions expressed by Entrepreneur contributors are their own. Q: Someone told me that having an S corp has many advantages as well as disadvantages. Can you explain to me exactly what this type of ...