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politics

What is an LLC C corp?

A C corporation (or C-corp) is a legal structure for a corporation in which the owners, or shareholders, are taxed separately from the entity. C corporati...

Jan 03, 2026 1 Views
politics

Is a car rental a business expense?

You may deduct your car expenses if you drive a rental car on business. This includes the daily rental fee as well as gas, parking, and tolls. How do I wr...

Jan 03, 2026 1 Views
politics

How is business owner income taxed?

Generally, sole proprietorships pay a 13.3% tax rate, small partnerships pay a 23.6% tax rate, and small S-corporations face a 26.9% tax rate. Taxes are c...

Jan 03, 2026 1 Views
politics

Is a QSub an S Corp?

A QSub is a domestic corporation that itself would be eligible to make an S corporation election and is 100 percent owned by an S corporation that makes t...

Jan 03, 2026 1 Views
politics

Is a sole proprietor an S corp?

A sole proprietorship is an unincorporated business that doesn’t have any legal separation from its owner. An S corp is an LLC or corporation that has ele...

Jan 03, 2026 1 Views
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