This particular entity has basically the same attributes as a General Partnership except for one very important distinction:

It has Limited Partners who usually do not have liability for business management responsibilities.

Those responsibilities generally fall on the General Partner of the Limited Partnership. The responsibilities and functions are usually outlined in a partnership agreement. However, the Limited Partner does not have total limited liability. They are subject to liability in the amount that they have invested in the Limited Partnership.

One Common Mistake:

Limited Partnerships have been a popular use as an asset protection device. One of the most common mistakes made is having a person as the General Partner. They are then held totally liable, whereas, if a properly structured corporation were used as the General Partner, they have the additional liability protection offered through the corporation. This can as well offer additional privacy if Nominee Officers are used for the corporation.

Some of the additional advantages of using a Limited Partnership are:

• It has been a useful tool for estate planning (Family Limited Partnerships)
• Has just one level of taxation
• The interests of the Limited Partner are not easily attachable by creditors and rarely can be seized or subject to a forced sale

The primary advantages S corporations have over regular corporations are tax-related. Owners of S corporations are not subjected to the double taxation all C corporations face. Profits can be passed through the owners’ individual income tax, while the corporation itself is not taxed.

The main advantages corporations have over sole propriety businesses are their limited personal liability. S corporations can have this same protection but not subject themselves to corporate taxation.

Being able to easily raise funds is also another advantage corporations have over sole proprietorships. However, since a corporation is considered its own entity, the profits of a corporation are taxed, and the shareholders are taxed again for the same income. In an S corporation, shareholders directly file the income as individual income, while the corporation itself is not taxed.

Another advantage S corporations have is they can declare interest paid for S corporation stocks as an investment interest expense. S corporations are subject to similar rules as those with a sole proprietorship or partnership type of business. Since money obtained from S corporations are not considered wages, they are not subject to self-employment tax.

When starting a business, it may be undesirable to offer fringe benefits to employees, because it may not be affordable. S corporations are given favorable treatment over non-corporations due to their ability to deduct expenses such as this from their taxes. While sole proprietorships can only deduct 30% of benefits, such as medical insurance, S corporations are allowed to deduct 100% of the cost.

Find out more about American Corporate Enterprises by visiting our website at https://americancorpenterprises.com.At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775)884-9380 today.

As a web developer and designer, I often come across many different requests from my clients to provide slide shows, information via the web that will help showcase the main points a business has to offer. I created this virtual tour to show how an executive suite or virtual suite may benefit you in either getting started with your LLC or Corporation or in venturing out from your home office to develop a more sophisticated office presence. I hope you find this tour of Pinnacle Executive Suites useful! Here is the link: https://www.sitenoticed.com/Pinnacle-opening.html

by Site Noticed, Inc. June 25, 2010

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Find out more about American Corporate Enterprises by visiting our website at https://americancorpenterprises.com.At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775)884-9380 today.

Bidding Preferences Make Sense for Nevada
by by Lyle E. Brennan

Here’s an interesting article. Read carefully.

https://www.nevadabusiness.com/issue/0610/22/2243

Your Nevada Corporation can provide you with tremendous state tax saving benefits as well as protecting your assets, medical reimbursement plans, retirement plans, travel, etc. when correctly structured. The importance of our Executive Office Services is so that you can show beyond any doubt that your corporation is established here- something you should seriously consider. It is your proof of a Nevada presence.

•An office address- you may use this address for letterhead, advertising, etc.
•Mail service- your corporate mail will be received and forwarded on a daily basis for up to 100 pieces per quarter. Includes postage costs for regular mail. (Parcels and special shipping paid separately)
•Telephone service- your corporation will be assigned it’s own phone number which you may advertise. Our staff will answer your phone (between the hours of 8-5 PST) according to your instructions and relay messages to you. The cost for the telephone line is included.
•A listing with the local directory and directory assistance.
•1 Free unit of 24-hour voice mail included -$199 value!!
•Fax service with a number, which you may advertise for the corporation. Incoming faxes forwarded to you.
Just compare what it would cost you to rent an office, pay for phone, internet and a full time receptionist- probably over $2000 a month! This is a great alternative to help get your business started while protecting the benefits that a Nevada Corporation offers.

THIS SERVICE IS CONTRACTED WITH PINNACLE EXECUTIVE SUITES https://www.pinnacleexecutivesuites.com/. IT IS INCLUDED WITH THE PLATINUM PACKAGE.

Find out more about American Corporate Enterprises by visiting our website at https://americancorpenterprises.com. At American Corporate Enterprises, Inc., we have the expertise to handle all your incorporation needs! Contact us Toll free (888) 274-1130 or (775)884-9380 today.