by Leif Jensen | Jan 5, 2026 | Corporate Entities |
I have written in the past that S-Corps are the most popular corporate entity. Now thanks to the U of I Tax School pulling the numbers together to back it up, they account for over two-thirds of all corporations filing federal tax returns. Moreover, the number of S...
by Leif Jensen | Feb 5, 2025 | Corporate Entities |
I am not certain is you are aware of shelf corporations or not. It seems most people are not. A shelf corporation, also known as a dormant or aged corporation, is a legally formed company that has been left inactive without any business activities for a certain...
by Leif Jensen | Nov 18, 2024 | Corporate Entities |
S corporations have become an increasingly popular business structure for many small businesses due to their tax advantages and liability protection. These entities are a common tool among tax planners, but entity selection is not a one-size-fits-all approach. There...
by Leif Jensen | Sep 14, 2020 | Corporate Entities, Rant, Running a Business |
The streaming service wars are showing how well run some of the parent companies are run. Looking at two of the newest services from a couple of the largest companies is a telling sign. Looking at Disney and ATT. Disney Plus shows that Disney’s parent is well run and...
by Leif Jensen | Aug 10, 2020 | Corporate Entities |
When original owners sell stock in companies, they find ways to get the money, but still control the company. One of the ways to do this is to issue a different share of stock with little or no voting rights, but rights to dividends and growth. One such company is...
by Leif Jensen | Mar 25, 2020 | Corporate Entities |
Want your calendar-year firm taxed as an S corporation for all of 2020? Then you need to file to elect S status by filing Form 2553 with IRS by March 16. The IRS has a simplified method for businesses to handle late S elections. Generally, firms have three years and...