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Category: Business Law
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Experience:  I have 30 years as a business lawyer in Texas
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Thanks, ***** ***** the form County in Illinois

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Thanks, ***** ***** the form for our County in Illinois requires notarization that ALL the prtnrs appeared in person with ID before the Notary and co-sign the front of the notary. In Illinois, we do have "C". "S" corp available; and LLP, RLLP; and LLC options
Submitted: 5 months ago.
Category: Business Law
Expert:  RayAnswers replied 5 months ago.
Hi and welcome to JA. Ray here to help you again today. Here a C corporation is most common. C corporations. C corps are separately taxable entities. They file a corporate tax return (Form 1120) and pay taxes at the corporate level. They also face the possibility of double taxation if corporate income is distributed to business owners as dividends, which are considered personal income. Tax on corporate income is paid first at the corporate level and again at the individual level on dividends. Reference This might be your best option given your situation. Thanks again for the chance to help.

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