S-Corporation
The Kabak Law Group has significant experience determining and implementing the ideal entity for a wide range of businesses. We take the time to get to know our clients' short and long-term business goals, financial situation, concerns about personal asset protection, and more. Then, we devise the form of entity best-suited to addressing our client's concerns and meeting their specific needs. One such entity is an S-Corporation.
Corporations are the most common choice of entity to organize a business. They provide owners with a number of benefits, such as limited liability, a flexible management and ownership structure, and the opportunity to issue stock that can be transferred with ease. Incorporation allows owners the benefit of legal standing separate from the company itself and limiting the threat of personal liability in the event that a lawsuit is initiated against the company.
The majority of publicly held companies are C-Corporations subject to double taxation. That is, C-Corporations pay taxes on any and all profits before dividends are paid to shareholders. Then, shareholders must pay taxes on their individual profits.
While there are some shareholder limitations in a Subchapter S-Corporation, the S-Corporation eliminates the double taxation and provides shareholders protection from the corporation's debts and obligations. The experienced San Francisco business entity lawyers at Kabak Law Group can determine whether an S-Corporation is the proper choice for your prospective business, and carefully craft the entity to accomplish your goals.
