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How Your Small Business Structure Impacts Your Taxes

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Title: How Your Small Business Structure Impacts Your Taxes


1
HOW YOUR SMALL BUSINESS
Structure Impacts
Your Taxes
www.onlinecheck.com
2
  • When planning to start a business, selecting your
    business structure probably the most important
    decision you have to make. Your business
    structure affects how many taxes youll pay,
    howyou raise the money, the paperwork you file,
    as well as your personal liability. The most
    popular small business structure types involve
    partnership, sole proprietorship, corporation, S
    corporation, and a limited liability company
    (LLC). Every type has its own features and
    benefits, particularly when it comes to taxes.
    You should select a business structure that
    offers you the right level of legal protections
    and reliefs.
  • Heres an overview of each small business
    structure with its tax pros and cons along with
    how to set up them for your small business.

3
Partnership
If a business is owned and operated by several
individuals, its a Partnership. It can be either
a general partnership or a limited partnership.
With general partnerships, the partners manage
the business and mutually take responsibility for
all the debts and obligations. 

A limited partnership can be general and limited,
where general partners manage and take full
responsibilities, while limited partners serve as
investors and dont take on any personal
liability.

Merchant Advisors
4
  • Most businesses opt for Partnership
    structure because its easier to form and the
    process is inexpensive. A general partnership is
    more suitable when you expect everyone to be
    fully liable and take on responsibilities. A
    limited partnership is not suitable for startups
    because of detail filings requirements and
    administrative complications.
  • Tax treatment among the major benefit of
    Partnership structure. Your business will not pay
    taxes on its income, rather it passes through
    any profits or losses to the partners. Along with
    your business tax filing, each partner also
    reports his or her share of income and loss at
    tax time. Every partner handles the taxes
    personally making this structure more efficient
    and preferable for business owners

5
  • The drawback of choosing this structure means
    youll be personally liable for your companys
    liabilities and your assets can be put at risk.
    The taxes in this structure are also paid on a
    personal level because you and the business are
    viewed as the same legal entity but at the lowest
    tax rates as compares to any other small business
    structures referenced in this article.
  • Another drawback of this structure is that you
    might have to face difficulties when raising
    money for your business. Most traditional lenders
    might be unwilling to approve you for small
    business loans. With that said, most sole
    proprietors count on their savings, home equity
    or loans from friends and family.

Sole Proprietorship
  • This is the most simple small business structure,
    where only one person manages and operates the
    business. This structure is best suited for
    individuals that want to retain full ownership of
    the business and intend to work alone. This is
    why sole proprietorship is the most popular
    business structure among business owners.
  • The business owner is entitled to all the profit
    and loss of the business. The business expenses
    youre your income are included in your personal
    income tax return. The major benefit of this
    structure is that it offsets the business losses
    from income earned from other sources.

6
Corporation
  • When you dont want to be personally liable for
    your business, consider structuring your business
    as a corporation. However, forming a corporation
    is complex and costly as compared to other
    business structures. A corporation is a separate
    legal entity apart from its owners. The debt and
    obligations of a corporation arent directly tied
    to the owners making your personal assets
    secured. However, it requires compliance with
    more regulations, accounting, and tax preparation
    requirements.
  • Its a costly business structure where you not
    only pay corporate income tax for both state and
    federal but also pay taxes on the personal level
    for any earnings given to shareholders as
    dividends.
  • Another major benefit of forming a corporation is
    the easiness to raise money for the business. 


A corporation can easily raise funds by selling
its stocks. Moreover, it continues indefinitely,
even if any shareholder die, sells the shares or
becomes disabled.
7
S Corporation

The tax process is similar to a sole
proprietorship or partnership. When dividends are
paid, every shareholder will be taxed, and the
remaining income will go towards the business
owner. S corporations can only issue one class of
stock and owned by individuals, estates and
certain types of trusts, unlike in a regular
corporation.
  • S corporation is more appealing than a regular
    corporation structure for most business owners.
    It not only offers tax benefits but also provides
    the liability protection of a corporation. The
    profits and losses passed through to your
    shareholders tax returns. Another best thing
    about using S corporation is that you can add 100
    shareholders, allowing you to bring in
    more working capital.
  • Forming an S corporation is also complicated with
    higher legal and tax service costs. After setting
    up your business, youve to file articles of
    incorporation, hold meetings for directors,
    shareholders, and keep corporate minutes and
    allow shareholders to vote on corporate decisions.

8
Limited Liability Company is another popular
small business structure, and incorporate many
advantages of corporations and partnerships. The
profits and losses will be passed through to your
personal tax return and youll enjoy the benefit
of liability protection as well without the
double taxation.
Limited Liability Company (LLC)
  • LLCs are similar to S corporations, but there are
    some key differences. You can add as many
    shareholders as you want without any limit.
    Moreover, every LLC member or owner can fully
    participate in the business having a stake in
    decisions.
  • When setting up an LLC, you need to file articles
    of organization with the secretary of your state.
    In addition, LLCs dont last forever, and some
    state statutes specify that the company must
    dissolve after 30 years, or when a member dies,
    quits or retires.

9
The Bottom Line
Just like every business type, business
structures have their own set of features and
benefits. If you need help when deciding on a
small business structure, get assistance from
a mentor or business experts. When starting a
business, you should select a structure that that
fits your business!
10
Vision
1. Vision
3. Vision
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4. Vision
2. Vision
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11
Our Goals
2018
2020
2022
2024
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Our Goals
2011
2012
2013
2016
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Our Goals
PLANNING
DEVELOPING
CONSULTING
TESTING
TARGET
2011
2012
2013
2014
2017
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Company Overview
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15
Company Overview
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Our Service
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Our Service
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What We Do?
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OffShore Location
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OffShore Location
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Feature Project
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Feature Project
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Labolatory Oil
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Our Partner
30
Our Partner
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32
Our Product
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33
Annual Report
60
80
50
40
70
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2005
2007
2009
2011
2013
34
Our Team
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35
Frank Demvag
Manager
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36
Pricing Table
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Pricing Table
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Safety Precaution
39
Safety Precaution
Hard Hat
Safety Glasses
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40
Our Office
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about. Well, the names have all changed since you
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ticket out. Welcome back, to that same old place
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changed since you hung around.
41
Our Office
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Break Time
Lets Meet Back At 400 PM
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Infographic Oil
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Infographic oil
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Infographics Oil
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Infographic Oil
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51
Laboratory Fuel Test
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Laboratory Fuel Test
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Laboratory Fuel Test
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Laboratory Fuel Test
Composition
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Infographic Oil
Title Goes Here
Sed perspiciati unde omnis iste elit voluptatem
fringilla. elit voluptatem fringilla.
Title Goes Here
Title Goes Here
Title Goes Here
Sed perspiciati unde omnis iste elit voluptatem
fringilla. elit voluptatem fringilla.
Title Goes Here
Title Goes Here
Sed perspiciati unde omnis iste elit voluptatem
fringilla. elit voluptatem fringilla.
Title Goes Here
Title Goes Here
Sed perspiciati unde omnis iste elit voluptatem
fringilla. elit voluptatem fringilla.
56
Laboratory Fuel Test
Title Goes Here
Title Goes Here
Lorem ipsum dolor sit amet, consectetur
adipiscing elit, sed
Lorem ipsum dolor sit amet, consectetur
adipiscing elit, sed
Title Goes Here
Title Goes Here
Lorem ipsum dolor sit amet, consectetur
adipiscing elit, sed
Lorem ipsum dolor sit amet, consectetur
adipiscing elit, sed
57
Our Mockup
58
Our Mockup
Title Goes Here
On november 13, felix unger was asked to remove
himself from his place of residence. That request
came from his wife. Deep down, he knew she was
right, but he also knew that someday, he would
return to her.
59
Laptop Mockup
Title Goes Here
On november 13, felix unger was asked to remove
himself from his place of residence. That request
came from his wife. Deep down, he knew she was
right, but he also knew that someday, he would
return to her. With nowhere else to go, he
appeared at the home of his childhood friend,
oscar madison.
60
Laptop Mockup
Title Goes Here
On november 13, felix unger was asked to remove
himself from his place of residence. That request
came from his wife. Deep down, he knew she was
right, but he also knew that someday, he would
return to her. With nowhere else to go, he
appeared at the home of his childhood friend,
oscar madison. Sometime earlier, madison's wife
had thrown him out, requesting that he never
return. Can two divorced men share an apartment
without driving each other crazy? With nowhere
else to go, he appeared at the home of his
childhood friend, oscar madison. Sometime
earlier, madison's wife had thrown him out.
61
Laptop Mockup
Title Goes Here
On november 13, felix unger was asked to remove
himself from his place of residence. That request
came from his wife. Deep down, he knew she was
right, but he also knew that someday, he would
return to her. With nowhere else to go, he
appeared at the home of his childhood friend,
oscar madison. Sometime earlier, madison's wife
had thrown him out, requesting that he never
return. Can two divorced men share an apartment
without driving each other crazy? With nowhere
else to go, he appeared at the home of his
childhood friend, oscar madison. Sometime
earlier, madison's wife had thrown him out.
62
Leptop Mockup
Title Goes Here
On november 13, felix unger was asked to remove
himself from his place of residence. That request
came from his wife. Deep down, he knew she was
right, but he also knew that someday, he would
return to her. With nowhere else to go, he
appeared at the home of his childhood friend,
oscar madison. Sometime earlier, madison's wife
had thrown him out, requesting that he never
return. Can two divorced men share an apartment
without driving each other crazy? With nowhere
else to go, he appeared at the home of his
childhood friend, oscar madison. Sometime
earlier, madison's wife had thrown him out.
63
Leptop Mockup
Title Goes Here
On november 13, felix unger was asked to remove
himself from his place of residence. That request
came from his wife. Deep down, he knew she was
right, but he also knew that someday, he would
return to her. With nowhere else to go, he
appeared at the home of his childhood friend,
oscar madison. Sometime earlier, madison's wife
had thrown him out, requesting that he never
return. Can two divorced men share an apartment
without driving each other crazy? With nowhere
else to go, he appeared at the home of his
childhood friend, oscar madison. Sometime
earlier, madison's wife had thrown him out.
64
Computer Mockup
Title Goes Here
On november 13, felix unger was asked to remove
himself from his place of residence. That request
came from his wife. Deep down, he knew she was
right, but he also knew that someday, he would
return to her. With nowhere else to go, he
appeared at the home of his childhood friend,
oscar madison. Sometime earlier, madison's wife
had thrown him out, requesting that he never
return. Can two divorced men share an apartment
without driving each other crazy? With nowhere
else to go, he appeared at the home of his
childhood friend, oscar madison. Sometime
earlier, madison's wife had thrown him out.
65
Handphone Mockup
Title Goes Here
On november 13, felix unger was asked to remove
himself from his place of residence. That request
came from his wife. Deep down, he knew she was
right, but he also knew that someday, he would
return to her. With nowhere else to go, he
appeared at the home of his childhood friend,
oscar madison. Sometime earlier, madison's wife
had thrown him out, requesting that he never
return. Can two divorced men share an apartment
without driving each other crazy? With nowhere
else to go, he appeared at the home of his
childhood friend, oscar madison. Sometime
earlier, madison's wife had thrown him out.
66
Handphone Mockup
Title Goes Here
On november 13, felix unger was asked to remove
himself from his place of residence. That request
came from his wife. Deep down, he knew she was
right, but he also knew that someday, he would
return to her. With nowhere else to go, he
appeared at the home of his childhood friend,
oscar madison. Sometime earlier, madison's wife
had thrown him out, requesting that he never
return. Can two divorced men share an apartment
without driving each other crazy? With nowhere
else to go, he appeared at the home of his
childhood friend, oscar madison. Sometime
earlier, madison's wife had thrown him out.
67
Handphone Mockup
Title Goes Here
On november 13, felix unger was asked to remove
himself from his place of residence. That request
came from his wife. Deep down, he knew she was
right, but he also knew that someday, he would
return to her. With nowhere else to go, he
appeared at the home of his childhood friend,
oscar madison. Sometime earlier, madison's wife
had thrown him out, requesting that he never
return. Can two divorced men share an apartment
without driving each other crazy? With nowhere
else to go, he appeared at the home of his
childhood friend, oscar madison. Sometime
earlier, madison's wife had thrown him out.
68
Tab Mockup
Title Goes Here
On november 13, felix unger was asked to remove
himself from his place of residence. That request
came from his wife. Deep down, he knew she was
right, but he also knew that someday, he would
return to her. With nowhere else to go, he
appeared at the home of his childhood friend,
oscar madison. Sometime earlier, madison's wife
had thrown him out, requesting that he never
return. Can two divorced men share an apartment
without driving each other crazy? With nowhere
else to go, he appeared at the home of his
childhood friend, oscar madison. Sometime
earlier, madison's wife had thrown him out.
69
Tab Mockup
Subtitle Here
On november 13, felix unger was asked to remove
himself from his place of residence. That request
came from his wife. Deep down, he knew she was
right, but he also knew that someday, he would
return to her. With nowhere else to go, he
appeared at the home of his childhood friend,
oscar madison. Sometime earlier, madison's wife
had thrown him out, requesting that he never
return. Can two divorced men share an apartment
without driving each other crazy?
70
Tab Mockup
Title Goes Here
On november 13, felix unger was asked to remove
himself from his place of residence. That request
came from his wife. Deep down, he knew she was
right, but he also knew that someday, he would
return to her. With nowhere else to go, he
appeared at the home of his childhood friend,
oscar madison. Sometime earlier, madison's wife
had thrown him out, requesting that he never
return. Can two divorced men share an apartment
without driving each other crazy? With nowhere
else to go, he appeared at the home of his
childhood friend, oscar madison. Sometime
earlier, madison's wife had thrown him out.
71
Our Map
72
Oil and gas Revenues
85
92
BRAZIL
JAPAN
Sometimes the world looks perfect, nothing to
rearrange. Sometimes you just, get a feeling like
you need some kind of change.
Sometimes the world looks perfect, nothing to
rearrange. Sometimes you just, get a feeling like
you need some kind of change.
FRANCE
HAWAI
75
65
Sometimes the world looks perfect, nothing to
rearrange. Sometimes you just, get a feeling like
you need some kind of change.
Sometimes the world looks perfect, nothing to
rearrange. Sometimes you just, get a feeling like
you need some kind of change.
73
World Map
Title Goes Here
On november 13, felix unger was asked to remove
himself from his place of residence. That request
came from his wife. Deep down, he knew she was
right, but he also knew that someday, he would
return to her. With nowhere else to go, he
appeared at the home of his childhood friend,
oscar madison. Sometime earlier, madison's wife
had thrown him out, requesting that he never
return. Can two divorced men share an apartment
without driving each other crazy.
74
Oil Map
Title Goes Here
On november 13, felix unger was asked to remove
himself from his place of residence. That request
came from his wife. Deep down, he knew she was
right, but he also knew that someday, he would
return to her. With nowhere else to go, he
appeared at the home of his childhood friend,
oscar madison. Sometime earlier, madison's wife
had thrown him out, requesting that he never
return. Can two divorced men share an apartment
without driving each other crazy.
75
Arab Saudi Map
Title Goes Here
On november 13, felix unger was asked to remove
himself from his place of residence. That request
came from his wife. Deep down, he knew she was
right, but he also knew that someday, he would
return to her. With nowhere else to go, he
appeared at the home of his childhood friend,
oscar madison. Sometime earlier, madison's wife
had thrown him out, requesting that he never
return. Can two divorced men share an apartment
without driving each other crazy.
76
Africa Map
Title Goes Here
On november 13, felix unger was asked to remove
himself from his place of residence. That request
came from his wife. Deep down, he knew she was
right, but he also knew that someday, he would
return to her. With nowhere else to go, he
appeared at the home of his childhood friend,
oscar madison. Sometime earlier, madison's wife
had thrown him out, requesting that he never
return. Can two divorced men share an apartment
without driving each other crazy.
77
Australia Map
Title Goes Here
On november 13, felix unger was asked to remove
himself from his place of residence. That request
came from his wife. Deep down, he knew she was
right, but he also knew that someday, he would
return to her. With nowhere else to go, he
appeared at the home of his childhood friend,
oscar madison. Sometime earlier, madison's wife
had thrown him out, requesting that he never
return. Can two divorced men share an apartment
without driving each other crazy.
78
United State Map
Title Goes Here
On november 13, felix unger was asked to remove
himself from his place of residence. That request
came from his wife. Deep down, he knew she was
right, but he also knew that someday, he would
return to her. With nowhere else to go, he
appeared at the home of his childhood friend,
oscar madison. Sometime earlier, madison's wife
had thrown him out, requesting that he never
return. Can two divorced men share an apartment
without driving each other crazy.
79
Rusia Map
Title Goes Here
On november 13, felix unger was asked to remove
himself from his place of residence. That request
came from his wife. Deep down, he knew she was
right, but he also knew that someday, he would
return to her. With nowhere else to go, he
appeared at the home of his childhood friend,
oscar madison. Sometime earlier, madison's wife
had thrown him out, requesting that he never
return. Can two divorced men share an apartment
without driving each other crazy.
80
Germany Map
Title Goes Here
On november 13, felix unger was asked to remove
himself from his place of residence. That request
came from his wife. Deep down, he knew she was
right, but he also knew that someday, he would
return to her. With nowhere else to go, he
appeared at the home of his childhood friend,
oscar madison. Sometime earlier, madison's wife
had thrown him out, requesting that he never
return. Can two divorced men share an apartment
without driving each other crazy.
81
CANADA MAP
Title Goes Here
On november 13, felix unger was asked to remove
himself from his place of residence. That request
came from his wife. Deep down, he knew she was
right, but he also knew that someday, he would
return to her. With nowhere else to go, he
appeared at the home of his childhood friend,
oscar madison. Sometime earlier, madison's wife
had thrown him out, requesting that he never
return. Can two divorced men share an apartment
without driving each other crazy.
82
ITALY MAP
Title Goes Here
On november 13, felix unger was asked to remove
himself from his place of residence. That request
came from his wife. Deep down, he knew she was
right, but he also knew that someday, he would
return to her. With nowhere else to go, he
appeared at the home of his childhood friend,
oscar madison. Sometime earlier, madison's wife
had thrown him out, requesting that he never
return. Can two divorced men share an apartment
without driving each other crazy.
83
Malaysia Map
Title Goes Here
On november 13, felix unger was asked to remove
himself from his place of residence. That request
came from his wife. Deep down, he knew she was
right, but he also knew that someday, he would
return to her. With nowhere else to go, he
appeared at the home of his childhood friend,
oscar madison. Sometime earlier, madison's wife
had thrown him out, requesting that he never
return. Can two divorced men share an apartment
without driving each other crazy.
84
India Map
Title Goes Here
On november 13, felix unger was asked to remove
himself from his place of residence. That request
came from his wife. Deep down, he knew she was
right, but he also knew that someday, he would
return to her. With nowhere else to go, he
appeared at the home of his childhood friend,
oscar madison. Sometime earlier, madison's wife
had thrown him out, requesting that he never
return. Can two divorced men share an apartment
without driving each other crazy.
85
Technology is nothing. What's important is that
you have a faith in people, that they're
basically good and smart, and if you give them
tools, they'll do wonderful things with them.
Pitter Deck
Welcome back, your dreams were your ticket out.
Welcome back, to that same old place that you
laughed about. Well, the names have all changed
since you hung around.Welcome back, your dreams
were your ticket out. Welcome back, to that same
Pitter Deck
86
Welcome back, your dreams were your ticket out.
Welcome back, to that same old place that you
laughed about. Well, the names have all changed
since you hung around.Welcome back, your dreams
were your ticket out. Welcome back, to that same
ol
Pitter Deck
Project Manager
87
Testimonial
Frank Demvag
Frank Demvag
Frank Demvag
Manager
Manager
Manager
Welcome back, your dreams were your ticket out.
Welcome back, to that same old place that you
laughed about.
Welcome back, your dreams were your ticket out.
Welcome back, to that same old place that you
laughed about.
Welcome back, your dreams were your ticket out.
Welcome back, to that same old place that you
laughed about.
88
Our Contact
PHONE
EMAIL
ADDRESS
Company_at_bomail.oncom Company_at_bomail.oncom
6821 8775 23 321 6821 8775 23 321
Sukatani Building, Manggo Street 27, Depox Rocks
City East Java
89
Our Contact
ADDRESS
Sukatani Building, Manggo Street 27, Depox Rocks
City East Java
PHONE
6821 8775 23 321 6821 8775 23 321
EMAIL
Company_at_bomail.oncom Company_at_bomail.oncom
90
Thanks for Watching
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