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Legal Structure for your Photography Business - ShootQ
- https://shootq.com/2017/08/08/legal-structure-photography-business/
- The S Corp and LLC corporate structures are both quite popular among small businesses. A large majority of photography studios will choose …
Scorp Photography - Home
- https://www.facebook.com/ScorpPhotography/
- Fotografía creativa, familiar, retratos y eventos 25500 San Buenaventura, Coahuila de Zaragoza, Mexico
S-Corp or LLC? -- The Business of Photography in photography-on …
- https://photography-on-the.net/forum/showthread.php?t=1046144
- Photography-on-the.net Digital Photography Forums is the website for photographers and all who love great photos, camera and post processing techniques, gear talk, discussion and sharing. Professionals, hobbyists, newbies and those who don't even own a camera -- all are welcome regardless of skill, favourite brand, gear, gender or age.
LLC vs. S-Corp | Photo.net Photography Forums
- https://www.photo.net/discuss/threads/llc-vs-s-corp.250254/
- An "S-corp" is a Federal income tax concept, so called because it comes from "Subchapter S" of the Internal Revenue Code. In an S-corp, you elect to have "pass through profits" that only get taxed at the level of the owner. There is …
What is an S corp? Everything small business owners …
- https://quickbooks.intuit.com/r/structuring/form-s-corporation-4-steps/
- Below is a step-by-step guide to creating an S corporation. 1. Create your business entity If you wish for the IRS to consider you an S corp, …
What Is an S Corporation (S Corp)? - The Balance
- https://www.thebalance.com/what-is-an-s-corporation-s-corp-5210878
- An S corp is a legal business structure that sits somewhere in the middle between traditional C corporations and LLCs. It gives business owners the ability to be treated as a corporation but also receive the benefits of pass-through income, losses, deductions, and credits. The owner of a small consultancy, for example, may elect to become an S ...
What Is An S Corp? – Forbes Advisor
- https://www.forbes.com/advisor/business/s-corporation/
- While a corporation is a type of business entity, an S-corp is a tax designation available to certain corporations and LLCs. S-corps are named from the subchapter of the Internal Revenue...
S corporation - Wikipedia
- https://en.wikipedia.org/wiki/S_corporation
- Widgets Inc., an S-Corp, makes $10,000,000 in net income (before payroll) in 2006 and is owned 51% by Bob and 49% by John. Keeping it simple, Bob and John both draw salaries of $94,200 (which is the Social Security Wage Base for 2006, after which no further Social Security tax is …
S Corporations vs. Sole Proprietorships | Nolo
- https://www.nolo.com/legal-encyclopedia/s-corporations-vs-sole-proprietorships.html
- In one year the corporations has profits of $70,000. It pays Mel $35,000 as employee salary and $35,000 as a corporate distribution. The salary is subject to Social Security and Medicare taxes, but the distribution is not. As a result, he pays $5,355 less than he would have had Mel been a sole proprietor and the entire $70,000 subject to these ...
Start a Photography Business: The 2022 ‘How To’ Guide …
- https://photomba.net/start-a-photography-business/
- S-Corp – As a single person photography business, there’s no reason to look into this costly and more complicated option right now. In the future, it may provide a better tax situation for you, but if you’re just looking to get started, don’t worry about it and just get an LLC. Then, grab your EIN from the IRS website and you’ll be ready to roll.
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