by cdaaccounting | May 29, 2022 | Business
Yes. A Coeur d’Alene LLC is a favorite vehicle for owners of income-producing real estate seeking to establish a level of personal liability protection. Because the Idaho LLC is a separate legal entity, the objective is to transfer title from the individual to...
by cdaaccounting | May 27, 2022 | Business
Yes. A Coeur d’Alene S-Corporations can own real estate and is the best at protecting shareholders limited liabilities. However, real estate that goes into either type of corporation typical does not come out tax-free. This is a significant disadvantage for real...
by cdaaccounting | May 22, 2022 | Business
No. After a reasonable wage has been met, all other profits will be disbursed to Coeur d’Alene S Corporation owners/shareholders through a K-1 form. This money will not be subject to self-employment taxes but taxed as ordinary income on owners/shareholders tax...
by cdaaccounting | May 20, 2022 | Business
You can easily create your own Coeur d’Alene business ledger using accounting ledger paper (also called accountant’s worksheets) available in any office supply store or web site. The ledger paper usually comes in fifty sheets pads and with anywhere from two to...
by cdaaccounting | May 5, 2022 | Business
Yes. If you are a Coeur d’Alene LLC with two or more owners, then you will be a partnership unless otherwise elected. Since LLC’s offer flexible tax structures, you can be a single member LLC, multiple member LLC, LLC taxed as an S-corporation and or...
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