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Form QR 500 261 Department of Corporations State of California

Form QR 500 261 Department of Corporations State of California

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Instructions and help about Form QR 500 261 Department Of Corporations State Of California

if you've started a business or are looking to start a business you may have heard the term escorp thr around but what exactly is an escorp and when do you need one this video is meant to answer those questions it will cover what an ES Corporation is the advantages of choosing escorp tax treatment and the circumstances when it makes sense to elect escorp tax status heads up escorp tax treatment can help reduce employment taxes what is an escort the first crucially important thing to be aware of is that an escort is not a business structure like a SLE proprietorship limited liability company or a corporation it's a tax classification some types of legal business entities can choose to be taxed under sub chapter S of the Internal Revenue code and that is what makes them es corporations or ES Corps however even though the IRS treats your LLC as a type of Corporation for tax purposes in reality it remains an LLC so an escorp is simply an LLC or other qualifying business ent

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