Many new and existing businesses today are S Corporations. S Corporations are popular because they provide several advantages to the shareholders. One of the best known advantages is the “pass-through” taxation. Pass-through taxation allows the profits and losses of the S Corporation to flow directly to the shareholders, where they are only taxed once. In…

Business Structure Types Every business must have a structure. There are a number of ways to structure your business under Nebraska law. Some of the most common business structure types are: sole proprietorships partnerships corporations limited liability companies (LLC’s) limited partnerships nonprofit corporations Nebraska Business Structure Types: Sole Proprietorship A sole proprietorship is one person…

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