You Too Can Incorporate
By Jeffrey A. Babener
Excerpted from Network Marketing: What You Should
Know, Jeffrey Babener, Legaline Publications
MLM consultant practice tips. An experienced MLM Legal Expert and MLM Law Advisor may become the most important part of an MLM Corporate team. This person has experienced almost every MLM Business and Legal Issue and will likely provide experienced MLM Insight and guidance on MLM Business and MLM Law Related issues. MLM Legal and MLMLegal.com and Babener and Associates provides expert MLM Consultant and MLM Consulting advise on MLM corporate, MLM software, MLM Compensation, MLM Taxes, etc. MLM Consulting is an important component for MLM startup. Careful Choice of MLM Software is another component of MLM Corporate. An MLM Consultant and MLM Law and MLM Legal is part of the MLM Startup Team. MLM Compensation must be reviewed by an MLM Consulting standpoint by an MLM Consultant and MLM Legal and MLM Law professional and programmed by a MLM Software and MLM Technology provider.
13. Chapter S or C or LLC?
Will the corporation be a Subchapter S corporation, where income and losses flow through to shareholders and the corporation pays no income tax? Or will it be a standard Section C corporation where it does in fact pay income tax and income is not placed on the shoulders of shareholders? If the corporation will sustain major losses and shareholders have other sources of income against which they wish to write-off losses, a Subchapter S may be appropriate. Most businesses are not started with the idea of a loss, however, and most business do not incorporate as Subchapter S corporations. In addition check on the LLC. Many states have approved use of the Limited Liability Corporation (LLC) which combines the benefits of type S and C corporations. In a LLC, income passes through and is taxed individually to shareholders, but only the corporation is liable for corporate debts and obligations.
As you can see, there is much to discuss when you decide to incorporate. A little time, effort, and organization will pay off handsomely. Good luck!
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