Entities
How to Avoid Termination of S Corporation Status
In recent years many companies have taken advantage of the benefits that an S corporation provides, but the requirements to qualify as an S corporation are onging and businesses should be aware of certain steps to take to avoid an … read more
California Franchise Tax Board Launches Free Self-Service Application for Entity Status Letters
The Franchise Tax Board (FTB) announced taxpayers can save time and money using its new online self-service application for obtaining entity status letters. An entity status letter discloses whether or not a business entity is in good standing with FTB … read more
Guidance from the IRS on Late Entity Classification
We have often seen clients struggle with their decisions as to what type of entity they should choose to operate their business. In those cases where we are able to consult with them ahead of time, we can work through … read more