#s corp

[kimikoyukiart]

Mulberry Books

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Was testing Sketch up with this iirc

[nobossinc]

Tax Calc Estimator for Business

Calculate an estimate taxation obligation based on the legal form of business (Sole Proprietor, Partnership, Corp, S-Corp, or LLC)

This packet of information will give you a better understanding of your options for forming your Legal Business Structure. Use the Tax Estimator to determine your potential taxation based on the type of business you have: Sole Proprietorship, Inc, Corp, LLC, S-Corp, C-Corp, and others.

Consult your Attorney or CPA before making a final decision about your Legal Business Structure. Included in this download are:

Tax Estimator by Business Entity

Legal Guideline Checklist

Legal Structure Comparison Chart

Non-Profit Guideline

State Licensing Links

VIDEO TUTORIAL for further explanation

**NOTE: If you are already planning your new business using NOBOSS Workshops, this document is already included.

[karudar]

what is S Corp and its benefits in the USA?

what is S Corp and its benefits in the USA? The S corporation or S corp is the business system that is allowed under the tax code to give its taxable income, payments, deductions, and losses directly to its shareholders. This makes it specific advantages at the more general C corporation, the S corporation is available but to smaller businesses with 100 or fewer shareholders and is an option to…

[rmrkbl-marketing]

LLC vs. S Corp: Choosing the Optimal Business Structure

Introduction

As we entrepreneurs embark on the journey of launching a business, we need to make legal and financial decisions. One important choice is between forming a Limited Liability Company (LLC) and operating as an S Corporation (S corp). In this guide, we delve into the nuances of both and provide comparisons to help you make an informed decision tailored to your business needs.

Understanding Limited Liability Companies (LLCs)

Benefits of an LLC

Limited Liability Protection: Members of an LLC enjoy a shield against personal liability, safeguarding personal assets from business-related debts and lawsuits.

Tax Flexibility: LLCs can opt for taxation as a sole proprietorship, partnership, C corporation, or S corporation, ensuring a strategic choice for favorable tax treatment.

Ease of Formation and Maintenance: Establishing and maintaining an LLC is easy compared to corporations, as there are fewer formalities and eligibility requirements.

Flexible Management Structure: LLCs offer the flexibility of being either member-managed or manager-managed, providing adaptability in running the business.

Drawbacks of an LLC

Self-Employment Taxes: Members are subject to self-employment taxes, potentially higher than those paid by S corporation shareholders.

Limited Growth Potential: The inability to issue stock might restrict an LLC's ability to attract investors and foster business growth.

Unveiling the S Corporation (S Corp)

Benefits of an S Corporation

Limited Liability Protection: Similar to LLCs, S Corp shareholders enjoy protection against personal liability.

Avoiding Double Taxation: S corps sidestep corporate income tax, with income, deductions, and credits passing through to shareholders, preventing double taxation.

Reduced Self-Employment Taxes: S Corp shareholders, if treated as employees, may experience lower self-employment taxes compared to LLC members.

Drawbacks of an S Corporation

Restrictions on Ownership: Limited to 100 shareholders, who must be US citizens or residents, with no ownership by other corporations or partnerships.

More Formalities: S corps must adhere to more formalities than LLCs, including regular shareholder and board meetings, meticulous record-keeping, and annual filing fees.

Less Flexibility in Profit Allocation: Unlike LLCs, S corps must allocate profits and losses to shareholders based on ownership percentages, limiting flexibility.

Key Differences Between LLCs and S Corps

Formation

LLC: Requires an operating agreement, articles of organization filing, and state/local business license registration.

S Corp: Involves filing articles of incorporation, creating corporate bylaws, filing IRS Form 2553 for S Corp election, and state/local business license registration.

Payroll

LLC: No mandatory salary; all income is treated as pass-through entity income.

S Corp: Requires W2 salary for working owners, with profits beyond salary treated as distributions.

Taxation

LLC: Subject to partnership tax, pass-through income tax, and self-employment tax.

S Corp: Salary subject to payroll and income taxes; distributions taxed as ordinary income.

Management Structure

LLC: No limit on members, flexible ownership, no board of directors required.

S Corp: Limited to 100 members, mandates a board of directors.

Operations

LLC: Simple setup with articles of organization and operating agreement.

S Corp: Complex setup involving corporate bylaws, annual shareholder, and board of directors meetings.

Making the Decision: LLC vs. S Corp

Choosing between an S corp and an LLC depends on various factors:

Tax Purposes and Potential Savings: S Corp for tax efficiency, LLC for flexibility.

Ownership Restrictions and Preferences: Consider the number and type of shareholders.

Management Structure and Flexibility: Evaluate your organizational needs.

Ease of Formation and Ongoing Requirements: Weigh simplicity against formalities.

Conclusion

Deciding on the best business structure demands careful consideration of your unique business goals and circumstances. We recommend that you consult with a business attorney or tax professional for personalized advice. Whether an S Corp or LLC suits you better depends on factors like taxation preferences, ownership structure, and management flexibility. This guide equips you with the insights needed to make a well-informed decision tailored to your entrepreneurial journey.

FAQs

FAQs

Answers

Which is better: S corp or LLC?

The choice between an S corp and an LLC depends on specific business needs. S corps are generally more tax-efficient, while LLCs offer greater flexibility in management and operational structures.

Why choose an S corp over an LLC?

An S corp may be preferable due to potential tax savings and reduced self-employment taxes, helping to avoid the double taxation that can occur in other business structures.

Is an S corp better than a single-member LLC?

The decision depends on individual business goals and requirements. S corps can offer tax advantages, but single-member LLCs may be simpler and more straightforward to manage.

What are the disadvantages of an S corp?

S Corps come with certain restrictions on shareholders, require adherence to more formalities, and may incur higher administrative costs compared to LLCs.

Can I switch from an LLC to an S Corp or vice versa?

Yes, it is possible to change from an LLC to an S Corp or vice versa. However, this process involves specific legal and financial steps, and consulting with a professional is recommended.

Do I need an attorney to form an LLC or S Corp?

While it's not legally required to have an attorney to form an LLC or S Corp, having legal assistance can ensure proper compliance and prevent potential legal issues in the future. Many entrepreneurs opt for legal guidance during the formation process.

How does taxation work in an LLC?

LLCs typically benefit from pass-through taxation, where the profits and losses of the business are passed directly to the owners' personal tax returns, avoiding the double taxation seen in some other business structures.

Are there restrictions on the number of shareholders in an S Corp?

Yes, there are restrictions. S Corps are limited to 100 shareholders, and all shareholders must be U.S. citizens or residents.

Can a single person form an S Corp or an LLC?

Yes, both S Corps and LLCs allow for single-member ownership, enabling an individual to establish either type of business entity.

[bones4thecats]

Hello! If request aren't closed yet, could I request Giyuu, Tengen, and Sanemi with an s/o who's the opposite of them in every way? From their breathing technique, to their weapon choice, and personality.

Type of Writing: Request Characters: Giyuu Tomioka, Tengen Uzui, and Sanemi Shinazugawa Name: {Character} a Slayer! S/O who is their polar opposite Requester: Anonymous

A/N: My first ever Demon Slayer piece, I hope this is good for my first one, Anon! This was also very fun, I can actually see these three falling for someone that was kinda opposite from them!

✧⋆⋅⋆⋄✧⋄⋅⋆⋄✧⋄⋆⋅⋄✧⋄⋆⋅⋄✧⋄⋅⋆⋄✧⋄⋆⋆⋄✧⋄⋆⋆⋄✧⋄⋅⋆⋄✧⋆⋅⋆⋄✧⋄⋆⋆⋄✧⋄⋆⋆⋄✧⋄⋅⋆⋄✧⋆⋅⋆⋄✧⋆⋅⋆⋄✧⋄⋆⋅

✧⋆⋅⋆⋄✧⋄⋅⋆⋄✧⋄⋆⋅⋄✧⋄⋆⋅⋄✧⋄⋅⋆⋄✧⋄⋆⋆⋄✧⋄⋆⋆⋄✧⋄⋅⋆⋄✧⋆⋅⋆⋄✧⋄⋆⋆⋄✧⋄⋆⋆⋄✧⋄⋅⋆⋄✧⋆⋅⋆⋄✧⋆⋅⋆⋄✧⋄⋆⋅

🌊 Giyuu is a very distant person, so, when you noticed how closed-off and lonely he seemed, you just had to approach him

🌊 You were known for your happy personality and how amazing you were to talk to, since you would offer amazing advice and how you would give everyone the biggest boost of energy just by smiling at them

🌊 When you guys first revealed your relationship to your fellow Hashira, they were surprised for sure, and if their faces weren't enough proof, Sanemi and Obanai's objections definitely told you

🌊 He has water breathing while you have flame breathing, and you got your fun-loving personality from your mentor and best friend Rengoku Kyojuro

🌊 Giyuu loves to listen to you ramble, hearing about your stories of slaying demons to hearing about how you got Genya, Sanemi's brother, to crack a smile on your last mission together

🌊 The Water Hashira adores to watch as you train with Tanjiro, Zenitsu, and Inosuke, the flames enveloping the four of you as you laugh at their reactions

🌊 Your personalities may clash, but, you guys do work well together when it comes to your jobs, your many kunai getting coated in flames as his swords waters left a burning sensation on the demon you were fighting with

🌊 Shinobu loves teasing him about how you guys are different, but, he just looks over at you talking to Mitsuri and smiles on the inside, you may be polar opposites, but, he loves that about you

✧⋆⋅⋆⋄✧⋄⋅⋆⋄✧⋄⋆⋅⋄✧⋄⋆⋅⋄✧⋄⋅⋆⋄✧⋄⋆⋆⋄✧⋄⋆⋆⋄✧⋄⋅⋆⋄✧⋆⋅⋆⋄✧⋄⋆⋆⋄✧⋄⋆⋆⋄✧⋄⋅⋆⋄✧⋆⋅⋆⋄✧⋆⋅⋆⋄✧⋄⋆⋅

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🔊 Uzui is very flamboyant and out there while you are far more reserved and down-to-earth

🔊 He first noticed you as Mitsuri dragged you to a meeting, as the newest Hashira you weren't very familiar with any of them, and they all could sense your nervousness

🔊 This guy definitely tried to woo you at first, giving you small actions of affection by patting you on the back or leaning his body weight on your head to make you stumble

🔊 Uzui teases you for ages until his wives meet you, he may want to marry you, but he always wants to know if his wives get along with you, it's a package deal

🔊 When they give him the thumbs up, you all spend time together, and they're whipped when they see you protect a bunch of children by releasing your breathing style, Breath of Water

🔊 Water muffles sound, so

🔊 Your new relationship baffles everyone, since his normal type, at least to outsiders, is one of the more flamboyant personality carrying people

🔊 But, he likes that you're more quiet, it makes him remember to slow things down and take a rest whenever needed

🔊 Uzui also loves to help you with your whip-sword, which you started learning about with Mitsuri, and watching you swing your waves around to cancel out his breaths makes him laugh

✧⋆⋅⋆⋄✧⋄⋅⋆⋄✧⋄⋆⋅⋄✧⋄⋆⋅⋄✧⋄⋅⋆⋄✧⋄⋆⋆⋄✧⋄⋆⋆⋄✧⋄⋅⋆⋄✧⋆⋅⋆⋄✧⋄⋆⋆⋄✧⋄⋆⋆⋄✧⋄⋅⋆⋄✧⋆⋅⋆⋄✧⋆⋅⋆⋄✧⋄⋆⋅

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🍃 Sanemi is an aggressive person by nature, and you were a far kinder person, killing demons gently while he did so painfully and without a care in the world

🍃 When he first met you, Sanemi was definitely put off by how kind you were with the Kamaboko Squad, your job was to kill demons, and you were braiding the hair of a demon

🍃 You and him were on rocky ground at first, due to your clashing personalities, but, once you guys got used to one another, it was funny for the others to watch as you would pat his head when he finished training

🍃 Whenever you guys are on missions with each other, he devotes himself to protecting you

🍃 From sending blasts of wind to send the demon flying away from you as you protected a small group of children who lost their parents from said demon, to even kicking a demon away, he was ready to sacrifice himself to keep you safe

🍃 Sanemi isn't fond of public displays of affection, he has a reputation of being aggressive and hard to approach, and he'd prefer to keep that reputation strong until retirement

🍃 He loves watching you tease Obanai, just watching you be yourself while pissing someone off makes his day for some weird reason

🍃 He and Genya aren't very close, and watching as you try getting them closer despite his protests makes him chuckle on the inside

🍃 And whenever he hears about your progress in training his younger brother with your old sensei, Gyomei Himekima, who taught you Stone Breathing, he pretends to not be listening, despite others knowing he is

[citrus-soda]

What if you found out that aliens had set foot on earth, multiple times in fact, but instead of establishing first contact or anything they just made ants steal batteries and coke cans for them. You go outside and find one commanding a small army to take down a chihuahua. That’s pikmin.

[lstr-master-of-unlocking]

[offshore-brinicle]

Can I say though Yi Sang and Aeng-du's instant connection and solidarity is one of my favorite things about this event, it's just so sweet and also so special how they find that feeling of safety just from also knowing someone from the homeland they have left behind while they remain so out of place in The City. It stands out so much when the general mentality of the world is "everyone for themselves" but S Corp's people and those who had to leave it behind seem to have found so much understanding and sympathy with each other.

Overall I find it so interesting and unique that more than any other District in The City the people of District 19 feel such genuine attachment to the land and its heritage, not just with Aeung-du, Kim and the rest of the Blade Lineage but going back to Dongbaek and Dongrang's EGOs too, it's just so special to see that very united sense of culture and heritage in a world that despite being multicultural and multilingual seems to have largely left such notions behind

[tenshichan1013]

all is found a frozen anthology 

[kimikoyukiart]

Submission

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A piercing of the heart so painless and so sweet

[bita-bita]

Guys guys! Titan spotted! Bond is a secret scout! AND HE'S GOING FOR THE NAPE! 👏👏👏

Erwin somewhere in the background: SHINZO WO SASAGEYOOOOO

Bond: Borf!

[ap-kinda-lit]

Atem: What is an intern?

Kaiba Corp employee: I’m basically an assistant. I do everything. I go where Mr. Kaiba tells me to go, I do what he tells me to do. And instead of money, I’m paid in college credit.

Atem: Where I’m from, that’s called slavery.

Employee, to Kaiba: I like him.

[mxi-88]

its so fucking oval

[bones4thecats]

Could I request Tengen and Rengoku with an s/o who's a descendant of a famous swordsman?

S/O's A Descendant of a Swordsman

Characters: Tengen Uzui and Kyojuro Rengoku (separate) Requester: ⚔Anon A/N: I now dub thee ⚔Anon because of the two characters and the swordsman prompt. Idk it was the first thing that came to mind. Anyways, this is mainly themed around them finding out their spouse is the descendant of a demon slayer. Just noting!

••●••●••●••●••●••●••●••●••●••●••●••●••●••●••●••●••●••●••●•

»»———————————-　Tengen Uzui　———————————-««

🔊 During his time at the Demon Slayer Corps, Tengen has heard about many slayers. But there was always one that stayed in his mind and never seemed to go away: Kenji Sureiyaa. Who was the Thunder Hashira all the way back in the Sengoku Era

🔊 Tengen loved to read all kinds of stuff on the way he produced the style with his four spouses. He would literally just lay a book on a slightly higher-up pedestal next to your large futon bed that you all shared and whenever he couldn't sleep, he'd grab it and read it till god knows what hour

🔊 One morning, you found him sitting in front of the small training area you had installed in the backyard for your wives and husband. And normally whenever he was outside, he'd be using it. Not now evidently

" What are you reading, love? " You asked.

🔊 Tengen looked back at you and smiled before standing up and closing the book, but not before marking his page. He was almost finished, it seemed.

" Just this book on the first ever Thunder Hashira, Kenji Sureiyaa. "

" Kenji Sureiyaa? That sounds familiar. " This caused your husband to snap his head to look at you. His eyebrows cocked in confusion.

🔊 You laid the laundry basket down and began to hang it all up to dry while Tengen just stared at you in curiosity. Silently pondering on how you have heard this man's name before. He knew you were friends with other slayers such as Mitsuri, but not even she knew of the guy

" Oh! Now I remember. My grandfather's grandfather was named that. How ironic, right? "

🔊 Okay... WHAT?!

🔊 Tengen practically dropped his book on the wooden flooring before he spun you around and asked how old you were, causing you to chuckle before patting his arms as he stared into your eyes. Damn, is this what demon's saw when fighting against the ex-shinobi?

" I'm 20, Tengen. Come on, you have to remember this. Did some demon hit you with some weird kind of memory-blood demon art or something? "

" So you're the... HOLY SHIT! You're the descendant of Kenji Sureiyaa! This is so cool! I married one of the first Hashira's grand-kid's grand-kid's kid! "

🔊 Huh?

🔊 As Tengen rambled, you picked up the book to take a glimpse at the detailed drawing of the man. He did look an awful lot like you great-great-grandfather's drawing you had in your room...

••●••●••●••●••●••●••●••●••●••●••●••●••●••●••●••●••●••●••●•

»»——————————-　Kyojuro Rengoku　——————————-««

❤️‍🔥 Rengoku was far from a silent man when he was off of his missions. And right now this was being proved to be true just as much as your honeymoon

❤️‍🔥 Your husband had heard about a book of old slayers from times long past the current one. And he had gotten quite interested into one that was supposedly the tsuguko of the first Stone Hashira: Kei Ishi

❤️‍🔥 Much like with Tengen, Rengoku would ramble about the long-deceased woman as if she was the second most important thing in the world, behind his oh-so-dear spouse, of course!

❤️‍🔥 Today just so happened to be quite the odd one, though.

❤️‍🔥 You had spent most of the day helping Aoi, your dear friend Shinobu's assistant at her mansion, out with healing hurt slayers while your husband was set to return from a nearly three-month long mission up in the northern-area of Japan

❤️‍🔥 Due to this, you were tired and needed a good, long nap. So, you grabbed one of the nearest books and began to read. And as you read, you passed almost four slayers before catching a familiar name written in ink. Kei Ishi?

" Why do they sound so familiar... " you wondered.

" Hello there, my blaze! "

❤️‍🔥 Practically throwing the book at the suspected startler, you noticed that it was knocked into the air before falling right onto the palm of the flame-haired male that you got to call your's

❤️‍🔥 Rengoku laughed as your cheeks flushed and you hid your face behind one of his haori's, which you loved to cuddle with whenever he was absent for whatever reason. And as you began to cool yourself down from the initial scare, Rengoku looked at the page you were reading

" Ah, Kei Ishi! Her story is quite interesting, is it not? "

❤️‍🔥 You just smiled and agreed as he laid the book down on a small bookshelf before adjusting the nemaki he wore to be lighter around his neck, making it appear like a yukata

❤️‍🔥 As he laid down, he noticed that you were looking at another book which was situated just underneath his. It seemed to be the book full of drawings of your ancestors, like your grandparents and aunts, uncles, cousins alike

" Why are you looking at the book of your ancestors, my love? "

" Oh it's nothing, Kyojuro. It's just- the name of Kei Ishi's, it just sounds familiar is all. "

" Do you wonder if she is perhaps an ancestor of yours as well? "

" I suppose so. "

" Then we shall check to make yourself sure! "

❤️‍🔥 Rengoku quickly nabbed the book and set it down on your lap before sitting back down with his outside, seemingly turning to a specific page while you looked for your family tree's page. A tradition for many years was to add on with each generation that held the book in their custody, and maybe you and Rengoku's child will do the same one day

" The final instance of a descendant of Ishi's is with her great-grandson named Takeshi Inoue. "

" Mine starts with Takeshi Inoue... "

" Oh my Gods! Y/N, you're the current descendant of Kei Ishi's! This is beyond unexpected! "

❤️‍🔥 Yeah, it was definitely unexpected alright

[humanblt]

it’s real!!! i need ishmael with a wellcheers ego stat

[lyliux]

My pikmin 4 rescue corps voice headcanons!!!

Been a little burnt out from art so I found some rescue corps voice hc's!!! Lmk your thoughts!!! I've got links on everything for your reference :)!

Shepard - Jessie, Pokémon

Collin - Dimitri, Anastasia / Raggedy Andy (i couldn't decide lol) (note skip a bit forward on the Dimitri video)

Russ - Wizard cookie, Cookie run kingdom

Dingo - Sun Wukong, Lego Monkie Kid

Yonny - Happy ENA, ENA - Auction day

Bernard - Kind Andrias, Amphibia

Pip (my Rookie oc) - Female vulpera, WoW

Thought process + ramblings below cut :0!

I tried to match them all at least a little bit to the canon voices(?) they have! Tbh these are like ALL subject to change because I have never done this before and I'll probably actively be on the lookout now lol.

Anyways notes!!! I cannot shut up

Shepard

She has such a distinct rich voice I struggled so hard to find something

Jessie was my first thought and what I ended up settling on, though I think Shepard probably isn't as animated as Jessie

Again, the timbre is SOOO specific,,, help me,,,

Idk what other people vibes on this one is but it's either spot on or super unconventional,,,,

Collin

My toughest one because there are so many white boy voices lmao

I was searching for mid range, a bit softer with not a lot of pep, and with a similar timbre of his canon voice

If I could mix the Dimitri and Raggedy Andy voices that'd be like PERFECT

Bonus points that a lot of the lines I can match up with other Collin hc's I have

Silly but now I have Collin singing hc??? hehehe :))))

Russ

Easiest one, silly nerd guy voice

I liked wizard cookie cause it's that vibe but also normal enough you can imagine him having a normal conversation and not just a science guy caricature

Dingo

Needed a voice that sounded SUPPERRR assured in himself

But that I could imagine very easily how they'd sound when they lost that composure

Tbh did NOT pay attention to canon on this one but Sun Wukong is a banger pic IMO soooooo

Yonny

I couldn't find anything to match canon too much so I'm sorta :((((

But I'm still quite happy with happy ENA! Very melodic, a bit higher pitched, quirky and silly

And a tad insane, cannot forget :)))

Bernard

Tbh I imagine this one a little more upbeat but ehhhh

Needed him to sound distinctly older than the rest but still sorta cool and a bit laid back

Pip

Tbh I sort just fell into this one without searching too hard for it lol

I was mostly thinking "what voice would sound good annoying the fuck out of Collin" lmaoooo