Post Tagged with: "Camden & Meridew"

Tax Differences Between LLCs and Corporations

If you are thinking of forming a new business, an important question to consider is how you want that business to be structured.  In Indiana, there are many types of business entities, including sole proprietorships, partnerships, limited partnerships, limited liability companies (LLCs), and corporations.  Most businesses these days are structured […]

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IRS Tax Credits for Schooling

If you, your spouse, or child is a student, you could qualify for the American Opportunity Tax Credit or the Lifetime Learning Credit.  Even if you qualify for both credits, you can only claim one per student in a tax year. The American Opportunity Tax Credit can be taken for […]

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Donald Trump’s Proposed Tax Legislation

Tax rates for married taxpayers with income less than $75,000 is supposed to be 12%.  If income is between $75,000 and $225,000 and you’re a married taxpayer, the tax rate is supposed to be 25%.  For taxpayers earning more than $225,000 the rate is supposed to be 33% if you’re […]

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Indiana Law and Cohabitation

What happens in the case where an unmarried couple that lives together ultimately breaks up where one party pays the majority of expenses?  Can the party paying those expenses recover from their former partner?  Indiana does not recognize common law marriage between parties who live together; however, Indiana does recognize […]

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Entity Forms to Consider When Starting Your Indiana Business

When starting a business in Indiana, entrepreneurs should consider the advantages and disadvantages of forming a sole proprietorship, a corporation, and a limited liability company. The simplest form of business is the sole proprietorship.  A sole proprietorship is a business entity owned by one individual who performs the majority of […]

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Indiana’s Commercial Courts

When incorporating a business, many entrepreneurs end up choosing to incorporate in Delaware, based in part because of favorable corporate statues and immense business case law.  Uniquely though, Indiana has been making strides in competing with Delaware on this issue.  For example, many statutes pertaining to corporate entities and their […]

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