Archive for February 21, 2013

Benefits and Drawbacks of Incorporating with S Corp Florida

A lot of business structures, partnerships or even sole proprietorships, have been wondering what is all about with S Corporation. How it helps the business? What benefits it brings? And does it have bad effects? There are many questions that were left hanging when a business will incorporate to this corporation. The S Corporation for Internal Revenue Service is pass-through entity because of the way you file the Article of Incorporation. The paper works are files through the Secretary of States or any government form in the same level. You can look over Florida Divisions of Corporation for this company. But before you start filing, you have to get to know and answer all your questions about this corporation. Know a little bit about them below.

What are the benefits?

  1. Easy ownership transfer. Unlike LLC, this corporation does not have hard process when it comes to the shareholder wanting to transfer the ownership. It won’t need to pass some accounting details or require some adjustments on the property.
  2. Add credibility. This is very beneficial to newer business to be trusted by other investors. It is also helps them to get approval if they apply to bank loans.
  3. Protect personal assets. To the shareholders, they are at ease that their assets will not be touched. It aims to protect and separate personal assets of shareholders to the creditors. They are not allowed to touch it for the sake to pay the debts and liabilities of the corporation. Website such as www.sunbiz.org can inform you more about this company.

What are the drawbacks?

  1. A little less flexible. It is a one-class-of-stock restriction which does not allocate any income and loss to the shareholders.
  2. Expenses on ongoing and forming fees. When you are filing for the incorporation, there are fees not just one that are to be paid. Though it is not that expensive but comparing with sole proprietorships or general partnerships, it is a little costly.

These are only the few things you will learn about S Corporation and the effects on your business. Read more about reviews and comparison to Llc.

Chase Bank Online Review

Life now evolves over the internet. You can now do everything over the internet such as shopping, closing a deal, applying for a job position and even banking. Chase bank is an old and large bank in United States that has offered now online banking service to people. This is to make their service more convenient and accessible anywhere you are. The people were satisfied and feel at ease that with Chase bank online their money is safe online or not. What are the services that people are happy with this bank? Enumerated below are few of the services you can find online with Chase.

  1. Online Payment of Bills. Companies of utility bills or other more associated with banks so the customers can pay bills through the bank. Now with this deal, customer now can pay the bills by availing the service from the bank of online payment. Goodbye to mailing of checks which has the possible to get lost in the process. You can relax at your home and fill out some details needed and in just few minutes your request is already paid.
  2. Online Depositing. You can transfer funds to another bank account anytime you want with Chase. Goodbye to going for a trip at the bank to deposit the money you owed to someone. With your account with this bank, you can transfer the money to the other person’s account. The process is safe with the passwords needed as you conduct this transaction.
  3. Checking of Account. You can view and check your account anytime you want. There is an account history where all the transactions conducted are saved. Goodbye to the long waiting at the line over the counter just to check your balance. Just login to your account and you can already see everything.

Above are just few of the lots and lots of benefits Chase bank online offers to all the clients. Open your own account now to experience them all.