Archive for February 21, 2013

A Review About Florida S Corporation

Many sole proprietorship and partnerships have seen that there are many businesses incorporating their company to S Corporation. What is with this corporation? It gives them the curiosity about the effect of it in their business. From the Internal Revenue Service or IRS, it is treated as a pass-through business entity because of the way to incorporate your business. You need to file the Article of Incorporation to any government body which has the level of State Secretary. There are many companies saying that it’s their advantage of being a member of S Corporation. But as a shareholder, you need to know what you can get with this business entity and how it affects your business. Blog post like this will educate you.

Pros

  1. It protects your personal assets. The S Corporation aims to separate and protect your personal assets from the corporation. The creditors are not allowed to touch any of your personal assets such as house, car or bank accounts to satisfy the debts and liabilities of the company.
  2. Easy transfer of ownership. Shareholder can transfer ownership without having difficulty with the process and problems with the tax. It does not require making some adjustment and passing hard accounting details to the corporation just to make the transfer.
  3. Adds credibility to new business. It gives the new business the credibility to have easy access to other investors and help when it comes to bank loans.

Cons

  1. Not so flexible. The corporation does not have the allocation for income and loss to the shareholders because of the restriction called one-class-of-stock.
  2. Expenses when forming and ongoing process. When you are incorporation and processing your company, you will have to go through paying fees. It is a little expensive when you compare to partnerships and sole proprietary.

You have now the idea of S Corporation but you need to know more about them.  This site here may help, just click.

Chase Online Banking Service

One of the best services online that is invented is the online bank service that most of the banks used now. Chase bank as the largest and oldest bank was expected to have this service too. Due to that many of their customers are glad to be conducting banking transactions with Chase bank. Not just individual but as well as the large corporations and companies used this Chase online banking service. With that they experience many benefits from Chase. They know they can trust Chase with their money to keep it safe. What are other more benefits that Chase has than other banks? You can read more here.

  1. You can pay bills through online. You can do this without leaving the area of your house. Just inquire Chase bank on how you can avail this service. Once you have already setup with the service you can now pay bills through logging into your account and choose the company where you want to pay. Fill out the information needed and in just few minutes you are already paid.
  2. You can transfer money between accounts without hassle. Instead of going out and go to the bank to deposit the money, you can do that at home already. You can save your strength waiting on a very long queue to deposit over the counter and could eat all your time for that day. The process is made safe each time you conduct this transaction.
  3. You can track all the transaction inside your account. You can view everything from the history transaction of what activities you have conducted. You can access your account anytime of the day when you need it and produce a bank statement without difficulty.

Eventually, there are a lot more services Chase online banking offers. Article such as this helps you discover more about online banking.