The Impact of Dividend Distribution on Corporations

The Impact of Dividend Distribution on Corporations

As mentioned in the article on Choice of Entity, corporations (other than S corporations) are subject to two layers of federal taxation. After the corporation pays taxes on its annual earnings, it may choose to distribute earnings to the shareholders. Dividends can...
S Corporations Advantages and Disadvantages

S Corporations Advantages and Disadvantages

As we explained in our article on Choice of Entity, choosing the right structure for a business will impact the management, liabilities, how it gets sold, and most importantly for this article, taxes. If you are considering becoming an s corporation, here are some...
Choice of Entity: Choosing the Right Business Structure

Choice of Entity: Choosing the Right Business Structure

After deciding to start a business or invest in one, the next critical step is to determine the type of entity to hold the investment or operations. This will have quite the legal and tax ramifications for any business. [At Leo Berwick we’re here to help you choose...
Substance Over Form Doctrine

Substance Over Form Doctrine

Anyone may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one’s taxes.”- Judge Learned Hand[1] Strange names aside and a...