How To Start And Run Your Own Corporation: S-Corporations For Small Business Owners

* Which Business Structure Might Be Best For You
* How To Decide Between An S-Corporation And A LLC
* How To Choose Your State Of Incorporation
* How To Form Your Own Corporation
* S-Corporations
* Par Value And No Par Value Stock
* Issuing Shares
* Valuing A Small Business Corporation
* Financing A Corporation Through Equity And Loans
* Attracting Angel Investors For Your Corporation
* Shareholder S-Corporation Basis
* The Accumulated Adjustments Account (AAA) And Schedule M-2
* Filling Out The 1120S Corporate Income Tax Return
* Special Issues For One-Person Corporations
* The Role of Bylaws And Corporate Minutes
* The Role of Directors And Officers
* Withdrawing Money From Your Corporation
* Social Security/Unemployment Insurance On Officer Salaries
* Workers' Compensation Issues For Officers
* Fringe Benefits And Employment Issues
* Qualified Retirement Plans, SIMPLE-IRA, SEP-IRA
* The One-Person 401(k) Retirement Plan
* How To Determine If Your Retirement Plan Is Safe From Bankruptcy
* How To Minimize Your Taxes
* The Tax Difference Between Pretax Purchases And After-Tax Purchases
* How To Prevent Your Corporate Shield From Being Pierced

The section on pre-tax vs. post tax purchases was particularly well illustrated. Find out why a $0.37 stamp may cost you $0.25 when you buy it through your business and $0.56 when you steal it from your personal stationary drawer. The author's conservative approach to accounting was refreshing in a world of books that profess to tell you how to beat the IRS. The strategies for maximizing shareholder income in this book are based on solid, legitimate planning.

The only fault I found with the book is that the number of examples led the author to be a little too imaginative with made-up business names. However, that wasn't enough to stop me from reading it from cover to cover in less than 24 hours.


Never Judge a Book by its Cover   January 22, 2005
Baazumi (New York City, NY)
23 out of 27 found this review helpful

This book provides vital information not usually covered in most self-publishing books and is a solid resource guide. Another confirmation that you need to read many books on your subject to familiarize yourself with the business. Areas such as how to protect your inventory by filing a UCC in the state the distributor is based, understanding the ins and outs of how distributors work, how to establish discounts and payment schedules that protect your financial structure, how to properly set-up your Accounts Receivable, Accounts Payable,taxes, LLC's, S Corporations,etc. Peter Hupalo's only weak area is his cover design. Anyone this intelligent should know their strengths and weakness's, and graphic design/layout is his. His book deserves better and would appeal to more buyers if it was redesigned.




A solid, accurate, informed and informative primer   June 12, 2003
Midwest Book Review (Oregon, WI USA)
48 out of 61 found this review helpful

How To Start And Run Your Own Corporation: S-Corporations For Small Business Owners by experienced entrepreneur Peter I. Hupalo is a straightforward, "user friendly", instructional and resource guide covering everything from choosing the most appropriate business structure; to issuing shares of stock to attracting investors; to the role of bylaws; to minimizing taxes; and much, much more. How To Start And Run Your Own Corporation is a solid, accurate, informed and informative primer which is especially recommended for anyone looking to quickly pick up the basics and put themselves into business.


A great starter text and reference resource   October 2, 2008
K. S. JEFFERY (Wabasha, MN United States)
1 out of 1 found this review helpful

I purchased this book along with several others (from NOLO publishing, mostly) before incorporating my business. It was a very good read that introduced me to a number of important concepts in business. After I had been in business for over a year, I pulled this book off the shelf again and reread it. I was pleasantly surprised to first realize how much I had retained from the book, and second how much of the information proved dead-on in terms of salient factors to be considered in operating an S-Corp. I have since returned to this book time and again to review key chapters - especially at the end of each fiscal year and again around tax time. I highly recommend this book to anyone starting an S-Corp who, like me, never took business classes in college.