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Choosing Business Entity

To make a business successful from the beginning, it is very important to choose to the right structure for the business. One may choose from the different choices available like Sole Proprietorship, C Corporation, S Corporation and Limited Liability Company.

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Warren wrote on : Wed May 05th,2010 Back to Article

Why pay FUTA and state unemployment when you are the owner?

Reply : infotaxsquare.com

It is only required If you are pulling out payroll from business. If you have structured your business as a corporation and have profit then both taxes are required to pay along with your p.roll taxes but If you have structured your business as an LLC (Limited Liability company) then you are not required to pay Federal Unemployment Taxes (FUTA) an (U.I) Unemployment taxes.

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