Joe Kristan of the Tax Update Blog has a very interesting post on So What is the Right S Corporation Salary? The blog post discusses a recent 8th Circuit case where a West Des Moines accountant had to pay FICA taxes on about $91,000 of his earnings from his professional S corporation –rather than $24,000–
Don’t Keep Your Corporate Name a Secret
Gavin Craig in his new Twin Cities Business Litigation Blog has an excellent post on the importance of making sure the world knows you have a corporate entity. Craig is convinced that many small business owners (especially contractors) do not know how to properly operate a corporation or LLC. Craig says,
When a person incorporates their business, it
Legal Checklist for Starting a Business in Iowa
With 2008 fast approaching perhaps you are considering the pursuit of the American Dream to own your own business. But where do you start? Here are some helpful legal tips to consider before you start your Iowa business:
1. Find out the availability of your proposed business name. You can do a quick search
LLCs Are Not Always Better Than S Corps
I have seen many articles on the Internet which state that you absolutely need to form a limited liability company (LLC) if you are a small business owner. The S corporation, once the darling of small business entities, must now feel like the red-headed step child.
But as New York attorney Derek Underwood points out
IowaBiz.com: Small Business Site Catching Fire!
The IowaBiz.com site is gaining popularity daily. Yours truly is one of the contributing authors but the other eleven authors have me checking this site every day and reading it through my feedreader. I am continually impressed with the quality of the ideas and concepts developed by the authors. A couple of my recent favorites and applicable to readers of