WebJul 14, 2024 · Most law firms can meet these requirements to qualify for the S corp election, but maintaining that status to minimize taxes requires an additional step: paying owners a fair salary. The S corp election still treats your company as a pass-through, meaning income flows to your personal returns and is not subject to payroll taxes. WebSep 2, 2024 · Unlike a general business corporation, a Professional Corporation is an entity structure with the purpose of providing professional services. It is established typically by a group of individuals who are licensed in the same profession. Each state varies on whether a specific profession must form a Professional Corporation or can provide its ...
Everything You Need to Know about Professional Corporations
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Legal Profession (Law Practice Entities) Rules 2015 - Singapore
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