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Gotony_len
Joined: 28 Aug 2008 Posts: 86
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Posted: Tue Aug 28, 2012 5:20 pm Post subject: What is the benefit formation of company? |
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Hello guys, I have been working as an accountant
I got so many problems in many areas like If I will go to proprietorship I can save FBT, I.T exemption Up to 1.1 lacs. Etc.,
If company formation attracts ESI, PF & even Rs.1for Income tax should pay, profit distributed by way of Dividend that also pay tax. Any advice would be greatly appreciated.
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zenesis corporation |
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Mullenax
Joined: 21 Dec 2010 Posts: 19
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Posted: Mon Sep 02, 2013 5:22 pm Post subject: What is the benefit formation of company? |
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The benefits the owners’ gain by forming their business as a corporation typically outweigh any perceived disadvantages. These benefits are, in many cases, unavailable to sole proprietorships and general partnerships.
> Corporations provide limited liability protection to their owners.
> Corporations often gain tax advantages, such as the deductibility of health insurance premiums paid on behalf of an owner-employee; savings on self-employment taxes, as corporate income is not subject to Social Security, Workers Compensation and Medicare taxes; and the deductibility of other expenses such as life insurance.
> Incorporating may help a new business establish credibility with potential customers, employees, vendors and partners.
> A corporation’s life is not dependent upon its owners. A corporation possesses the feature of unlimited life, meaning if an owner dies or wishes to sell his or her interest, the corporation will continue to exist and do business.
> Ownership in a corporation is typically easily transferable.
> Capital can be raised more easily through the sale of stock.
Additionally, many banks, when providing a small business loan, want the borrower to be an incorporated business.
> Retirement funds and qualified retirements plans, such as a 401(k), may be established more easily.
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Gotony_len
Joined: 28 Aug 2008 Posts: 86
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Posted: Mon Jan 13, 2014 3:17 pm Post subject: file revisions |
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as corporate income is not subject to Social Security, Workers Compensation and Medicare taxes; and the destructibility of other expenses such as life insurance.
If you want the file is Hiring secret. Then you can use online storage
You can Use it... pigdrive.com
If you do not want to save the file to your home computer and want to store it online and want to keep it secret and want to keep their information secret from his wife and chilled.pigdrive _________________ online it courses |
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