Far too often, entrepreneurs are unaware that LLCs and corporations are very different. Although virtually the same from a liability protection standpoint, they are extremely different from a tax standpoint. A lawyer and a CPA can help you evaluate the pros and cons of corporations and LLCs, but in the meantime, the following are some basic guidelines: • In our firm, we use LLCs as the entity of last resort, because of the extreme junk fees – called the “Gross Receipts fee” that apply to LLCs (but not to corporations) in California. • In California, the initial $800 franchise tax is waived for corporations, but not for LLCs. • Licensed professionals cannot operate through LLCs in California • LLCs are best where the company will own real estate. • S-Corporations are best except where the corporation will have shareholders who are foreigners or other companies. Jeffrey Unger, Founder @eminutes
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Sydra is our content manager. She also is in charge of Search Engine Optimization of posts and pages. She is generally the person behind curtains who visualizes and implements the Social Media Strategy of the website. Sydra is one performance-driven, insightful individual, who is an important asset of our team. She holds a Bachelors of Business Administration from IU (Iqra University), one of the top universities.
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