Author: Comiter, Singer, Baseman & Braun

A formal definition of a “close” corporation reads a “corporation [that] does not exceed a statutorily defined number of shareholders and is not a public corporation… The main benefit of a close corporation is that it will be exempt from a number of the formal rules which usually govern corporations.”…

The first thing to understand about corporations is that they are separate legal entities, apart from their shareholders, who are the owners. Because of this, corporations have “perpetual existence.” A corporation’s existence goes on after a shareholder, even a majority shareholder, dies or otherwise leaves the company.  If your corporation…

An S-Corp is a type of corporation that allows shareholders to enjoy the typical benefits of incorporation along with the benefits of “pass-through” taxation, which means that the corporation itself is not taxed, and shareholders are instead taxed at the personal income level. In other words, the shareholders are not…

The Internal Revenue Service defines an S-Corp as a “corporation that elects to pass corporate income, losses, deductions, and credits through to their shareholders for federal tax purposes. Shareholders of S-Corps report the flow-through of income and losses on their personal tax returns and are assessed tax at their individual…

Comiter, Singer, Baseman & Braun, LLP is pleased to announce that founding partner, Michael S. Singer has recently become a Fellow of the Litigation Counsel of America. The LCA is an invitation-only trial lawyer honorary society established to reflect the new face of the American bar. Membership is limited to 3,500…