Читать книгу Run Your Own Corporation - Garrett Sutton - Страница 10

Although it may not be pleasant (and certainly not riveting) you will also be reading about taxes. One of the surest ways to protect your assets and to keep your corporate veil intact is to keep abreast of the taxes and obligations facing your entity. As well, if you let deadlines pass and your taxes (especially payroll taxes) go unpaid, penalties and interest will accrue and you will run afoul of IRS and state taxation authorities. You may face civil and even criminal penalties. There is no need to pierce any veil in these cases. The IRS can hold you personally responsible straight away. So you will follow the tax rules. With a good bookkeeper and accountant on your team you can certainly legally minimize your taxes. And you can certainly use the tax rules to your advantage (as the rich do every day). That said, from day one and then on, you will follow the tax rules and timely file your taxes. Did we mention that you will follow the tax rules?

Good. Let’s start...

One of the reasons for writing this book is that scores of clients have said to me, “I’ve set up my corporation, now what do I do?” It’s hoped that this universal question will be satisfied by the contents of this book, and that you will be able to more confidently run your own corporation, LLC and LP. We have three cases, or stories, to help explain it all. So let’s start with our first one...