Thankfully, there are now several web sites that are there to help people like you with bad credit to find the fast personal loans that you need. When you have bad credit, the first thing that you should be looking for is a loan company that If your financial problems have reached the point where you do not see a way out and you feel as though you are drowning in debt, your best way out is through declaring bankruptcy. Filing may well allow you to get your finances back on track
A C Corporation is the only business structure that is never a pass-through entity. The difference between C corporations and all the others is that c corporations are completely separate C Corp tax entities. This means you dont pay the business taxes the corporation pays its own C Corp tax. You will only pay C Corp tax on any money you take out of the business as salary or dividends.
- C corporations are taxed twice
- Tax is paid at the corporate level first.
- Dividends are taxed at the shareholder level (maximum 15%)
- One for your personal taxes, reporting your salary or dividends from the business
- One for the business. This will be either Form 1120 or Form 1120-a, the short form.
- Accumulated earnings C Corp tax. If your C corporation holds onto too much of its profits it incurs an accumulated earnings tax of 15%. This doesnt kick in until accumulated earnings exceed $250,000.
- Personal holding company tax. This targets C corps that earn most of their money from investments such as dividends. You dont have to concern yourself with this if you have a normal business.
- Corporate alternative minimum tax. Very few small businesses have to worry about this.