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What Is Double Taxation? How It Works for C Corporations and How to Avoid It

September 15, 2026 by Sandra Ighalo - Tax Attorney & Business Law Counsel

Follow MCIS on Google to get our latest business and tax guide straight to your feed. What Is Double Taxation in Business? We all have to pay taxes, and depending on states, policies, and how much you earn, some of us pay higher taxes than ...

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Filed Under: Business Formation

The Disadvantages and Advantages of Forming a Business Partnership

September 6, 2026 by Sandra Ighalo - Tax Attorney & Business Law Counsel

When thinking of business partnerships that have gone sour, like the relationship between Eduardo Saverin and Mark Zuckerberg of Facebook, the Beatles, and others, you'd wonder how it managed to get so bad. Unlike most business and entrepreneur ...

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Filed Under: Business Formation, Business Law

Subchapter S Corporations—What Are They and What Are the Benefits?

May 28, 2025 by Sandra Ighalo - Tax Attorney & Business Law Counsel

Subchapter S Corporations img

What Is Unique About a Subchapter S Corporation | Are There Restrictions on a Subchapter S Corporation? When you're starting a new business enterprise, one of the most important decisions you'll make will have to do with the legal form your business ...

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Filed Under: Business Formation

Factors to Consider When Choosing Your Business Form

April 22, 2025 by Sandra Ighalo - Tax Attorney & Business Law Counsel

Factors to Consider When Choosing Your Business Form

Sole Proprietorships | Partnerships | Limited Liability Companies | Corporations Starting a new business enterprise is often complicated. You need to identify a focus, put together a business plan, secure financing, and put legal measures in place ...

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Filed Under: Business Formation

Can You Lose the Protection Against Liability That a Corporation Provides?

March 26, 2025 by Sandra Ighalo - Tax Attorney & Business Law Counsel

Can You Lose the Protection Against Liability

Is the Protection Against Liability Absolute? If Not, When Can It Be Lost? When you’re starting a new business enterprise and considering the different business structures available, one of the most attractive attributes of a corporation is the ...

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Filed Under: Business Formation

The Benefits and Challenges of Setting Up a Business as a Partnership

January 24, 2025 by Sandra Ighalo - Tax Attorney & Business Law Counsel

The Benefits and Challenges of Setting Up a Business as a Partnership

Reasons Why You May or May Not Want to Enter a Partnership The concept of a business partnership has been around for thousands of years. In fact, the Code of Hammurabi, one of the earliest known sets of laws, provided guidelines for the ...

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Filed Under: Business Formation

Choosing Between a Limited Liability Company (LLC) and a Subchapter S Corporation

December 18, 2024 by Sandra Ighalo - Tax Attorney & Business Law Counsel

Choosing Between a Limited Liability Company (LLC) and a Subchapter S Corporation

The Advantages and Disadvantages of Each Business Form When you're starting a new business enterprise, one of the most important decisions you'll need to make involves the legal form of your company. For many small businesses in particular, that's ...

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Filed Under: Business Formation

Subchapter S Corporations

October 21, 2021 by Sandra Ighalo - Tax Attorney & Business Law Counsel

Subchapter S Corporations

How Do You Qualify for Subchapter S Treatment? What Are the Benefits? When you're establishing a new commercial enterprise, one of the most important steps is the selection of formation of the appropriate legal structure. Among the options for small ...

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Filed Under: Business Formation

Setting Up an S Corporation

April 7, 2021 by Sandra Ighalo - Tax Attorney & Business Law Counsel

Setting Up an S Corporation

Necessary Steps to Protect Your Enterprise An S corporation can provide a number of benefits to a startup business: You can limit liability to the amount of your investment. You can avoid taxation at the corporate level. Ownership can typically ...

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Filed Under: Business Formation

Choosing Between a Corporate Structure and a Limited Liability Company

October 7, 2020 by Sandra Ighalo - Tax Attorney & Business Law Counsel

The Advantages and Disadvantages of the Different Legal Entities When you're planning to launch a new business enterprise, one of the first and most important decisions you must make is the type of legal structure to select. If you want to protect ...

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Filed Under: Business Formation

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Stafford, TX 77477

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