Business Tax Issues

What Is A Private Placement? A private placement is a sale of securities to a select group of investors in compliance with specific federal securities laws that permit such sales without the registration of the securities offering with the Securities and Exchange Commission ("SEC"). That's an awful lot of technical language,...

Employer Identification Number ("EIN") Every corporation, partnership or other business with employees must apply for, and obtain, an Employer Identification Number ("EIN") from the IRS. An EIN serves as the Federal Tax Identification Number for the business, and it must be used by the business when opening any accounts, and in connection...

Oregon Combined Employer's Registration Every company in the State of Oregon with employees must file a Combined Employer's Registration. The registration is "combined" in the sense that the registration simultaneously takes care of registering the company with both the Oregon Department of Revenue and the Oregon Employment Department. The Oregon Department of Revenue is...

WHAT IS AN S CORPORATION? S corporations (also referred to as "S Corps") are corporations or limited liability companies ("LLCs") whose founders have filed Form 2553 with the IRS, electing to have the company taxed as a "small business corporation" under the federal tax code. There is no such thing as incorporating...

Five Common LLC Legal Mistakes It's very easy these days to find a company online to help you quickly "start a company," and the most popular type of company is the limited liability company ("LLC"). Unfortunately, most people who use the services of an on-line filing company fall prey to some of...

City of Portland Tax For entrepreneurs in the Portland, Oregon area who are looking to start up a new business, one consideration to keep in mind is whether to locate the business in the City of Portland, or in Multnomah County, each of which charge relatively hefty business taxes. Being subject to...

S Corporation Requirements S corporations (also referred to as "S corps") are very popular amongst small business owners because they offer those businesses pass-through taxation, and also give the owners of those businesses potential tax benefits through the taking of shareholder distributions (also referred to as "draws" or "dividends") at reduced...

How to Capitalize a Business A business can be capitalized with either equity or debt financing. When starting a business, or when operating the business, owners need to determine how to balance these two options. There are advantages and disadvantages as to both, and this article will discuss those in detail...

LLCs Taxed as S Corps New business owners often do not realize that they have options about how their business will be taxed. IRS regulations have default rules, but those regulations also allow businesses to "check-the-box," which means that business owners can file elections with the IRS to be taxed by...