While some people feel that a corporation enhances the image of a small business, one disadvantage is the potential double taxation: The corporation must pay taxes on its net income, and ...
A special form of corporation that allows the protection of limited liability but direct flow-through of profits and losses The S corporation is often more attractive to small-business owners than ...
Lots of the companies started as mom-and-pops, and though selling to a corporation may have been a hard decision, these small business owners all sought ways to preserve their ideals as part of a ...