Corporation Advantages and Disadvantages You might want to start a business and are wondering what are the advantages and disadvantages of a corporation. It’s very important to consider if a corporation is the right business structure for you. Questions like what is a corporation, why form a corporation, and do I need a corporation all come to mind and you might just be lost. As a national accounting firm, we’ve helped...

How to Pay Yourself from an S-Corp Having a business allows you to provide a product or service on your terms with unlimited income potential. The benefits don’t stop there.  A business owner has the ability to take advantage of many tax deductions that are simply not available to regular employees. An employee works and receives a paycheck from his or her employer.  The employer deducts, among other things, Social Security and...