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Provision Business Services LLC

A Professional Bookkeeping Firm

Located in Albuquerque, Serving all of New Mexico

505-269-3783

S-Corp Shareholder Compensation

S-Corp Shareholder Compensation

Many small businesses are organized as S-Corporations (or S-Corps).  There are tax benefits for being organized as an S-Corp as opposed to being organized as a sole proprietor.  If you are a sole-proprietor or single member of an LLC, you can elect to be taxed as an...
Separating personal and business funds

Separating personal and business funds

Most business owners understand the importance of being a corporation, whether it’s an LLC, S-Corp, or C-Corp.  Forming a corporation makes your business a separate legal entity – separate from you the individual owner or individual partner or individual...