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LLC or S-Corp, Which One is Best for Me?

LLC or S-Corp,
Which One is Best for Me?

March 10, 2019 Rich Streitfeld, CPA
Business, Starting A Business

NOTE: This article predates the tax law changes that went into effect January 1, 2018.  While the structures of the various entities have not changed, there have been important changes to relevant tax rates and deductions. Originally published on Jun 11, 2014.   My company, ALSD, incorporates businesses and organizes LLC’s. This year Triple Hcame to me
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Richard Streitfeld – Buddhist Mensch

Frequently Asked Questions:
Demystifying S-Corp Distributions

January 22, 2016 Rich Streitfeld, CPA
Business, Starting A Business, Taxes

Q: How do we take distributions from our S-Corp? –Sol Sagan, Billions and Billions of Stars, Inc, Scituate A: Structured properly, distributions from an S-Corp can save the owners thousands of dollars annually in payroll taxes. How? Distributions are profits remitted directly from the company to the owners without going through payroll, therefore not subject
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New Business in Rhode Island

Registering a New Business
in Rhode Island

December 15, 2015 Rich Streitfeld, CPA
Business, Starting A Business

Here are the steps and links to forming a new (for-profit) business. We strongly advise you contact an advisor (an accountant or lawyer) to help you with the decisions and implementation. Decide on your legal structure – Corporation? LLC? Partnership? Decide on your tax structure – S Corporation? LLC taxed as a partnership? As a
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Registering for Sales Tax–
a Multi-State Guide for Artists and Others

December 3, 2015 Rich Streitfeld, CPA
Artists, Starting A Business, Taxes, Uncategorized

Sales tax is not fun.  No kind of tax is fun, but sales tax can be particularly daunting, and it is also considered “low hanging fruit” by many state jurisdictions.  Add to that the challenge of filing in multiple states if you are a working artist who participates regularly at shows around the country and
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