Monthly Archives: February 2017

Advantages and Disadvantages of S Corporation

Most partnership and sole proprietorship have been wondering what if they incorporate their business with S Corporation. There is the curiosity of what are the advantages and disadvantages of joining this kind of corporation in Florida. For the Internal Revenue Service, S Corp is a pass-through business entity because of the way you file your business t get incorporated. You need to file the Article of Incorporation on the Secretary of State or any government personal that is in the same level. You can read about this corporation here at florida. But before you have to decide to join, you have to at least know what is there in this entity. How can your business benefit from it? Here are some honest reviews you can read.

The Advantages

  1. Protect personal assets. The good thing about this corporation is that it aims to separate your personal assets from the business. This is to protect it from any business liabilities and debts. The creditor will not force to collect debts from any personal assets of the shareholders to satisfy the liability of the corporation.
  2. Add credibility. To new businesses, the S Corp helps them to maximize their credibility. This is very helpful in terms of applying bank loans.
  3. Easy transfer of ownership. Unlike LLC,, transferring of ownership is not difficult on tax issues. The owner will not be obliged to do some adjustments or compile accounting details.

The Disadvantages

  1. Expenses on the process of filing. There are formation and ongoing fees that a company must pay when incorporating the business. Even though these fees are not that expensive but still the sole proprietorship and partnerships are cheaper.
  2. Not so flexible. The corporation cannot allocate any income and loss to the shareholders because it is one-class-of-stock restriction policy.

From here you can read few of the many reviews about S Corporation and comparison to LLC.

Chase Online Bank Advantages

The need of the people to do things in an easier way has leaded them to creating services that could be done online. Among these amazing services is the online banking system. Chase is the leading and fast growing bank in United States that equipped the online banking as part of their service to satisfy the clients they have. Not just individual but as well as big companies and corporations have been using their online banking service. This is because of the many reasons they have seen Chase Online brought to them. Blog like this will tell you how the online banking service of Chase satisfies their customers.

  1. It is easy to transfer funds between accounts. Save your trip to the bank now because you can deposit money to a certain account through online. You can do this at home and in front of your computer. The bank made sure that the process will be safe enough that customers can transfer money from account to accounts anytime they needed to be.
  2. It is easy to view and check what is going on inside your account. If you have done recent activities on your account, you can check the history transaction in your account and know where your money is going. No more waiting on a long queue on the counter with only checking your current account balance and recent transaction done.
  3. It is easy to pay bills online. You can now pay bills ahead of time inside your home not going out to mail the check to the company that might have the chance of getting lost on the way. Inside your house, you can login to your account and find the company where you will pay bills. Just fill out the information needed and your payment will be sent.

Every transactions and activity on the bank is made easier with Chase Online Bank. Blog post like this is really helpful.