Fundera

DECEMBER 12, 2019

A partnership is the default business structure for a company with multiple owners. If you start a business tomorrow and share the responsibilities with one or more other people, you’d by default have a partnership unless you specifically choose a different structure, such as an LLC or corporation. .

Deductions 72

Deductions Law Firms Default Credit and Collections 72

Fundera

DECEMBER 20, 2018

A partnership is the default business structure for a company with multiple owners. If you start a business tomorrow and share the responsibilities with one or more other people, you’d by default have a partnership unless you specifically choose a different structure, such as an LLC or corporation. .

Deductions 56

Deductions Law Firms Default Credit and Collections 56

Fundera

OCTOBER 4, 2018

Default type of corporation. The C-corp is the default type of corporation. Wages and salary, including the owner’s salary, are generally considered deductible expenses, so you won’t have to pay taxes on that. This deduction expires in 2025, unless Congress extends the law. S-Corp vs. C-Corp at a Glance.

Deductions 76

Deductions Default Small Businesses Accounting Firms 76

Fundera

JANUARY 17, 2019

You can deduct most business losses on your personal tax return. Like a sole proprietorship, a general partnership is the default mode of ownership for multiple-owner businesses—there’s no need to register a general partnership with the state. Owners can deduct most business losses on their personal tax returns.

Deductions 100

Deductions Small Businesses Law Firms Accounting Firms 100

Fundera

APRIL 14, 2018

You can deduct most business losses on your personal tax return. Like a sole proprietorship, a general partnership is the default mode of ownership for multiple-owner businesses—there’s no need to register a general partnership with the state. Owners can deduct most business losses on their personal tax returns.

Deductions 76

Deductions Law Firms Small Businesses Credit and Collections 76