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  2. How to Calculate a Business Owner’s Salary - AOL

    www.aol.com/finance/calculate-business-owner...

    Corporations: Owners of C corporations are considered employees of their own businesses and can pay themselves a regular salary, which is taxed separately from their business profits. They might ...

  3. Discover the Pros and Cons of Paying Off Your Car Early - AOL

    www.aol.com/discover-pros-cons-paying-off...

    Paying off a car loan early isn't the right choice for everyone. Determining whether you're the right candidate begins with asking particular questions about your financial situation and preferences.

  4. How Do I Take a Salary for Myself as a Business Owner? - AOL

    www.aol.com/finance/salary-myself-business-owner...

    For premium support please call: 800-290-4726 more ways to reach us

  5. S corporation - Wikipedia

    en.wikipedia.org/wiki/S_corporation

    An S corporation (or S Corp), for United States federal income tax, is a closely held corporation (or, in some cases, a limited liability company (LLC) or a partnership) that makes a valid election to be taxed under Subchapter S of Chapter 1 of the Internal Revenue Code. [1] In general, S corporations do not pay any income taxes.

  6. Rollovers as business start-ups - Wikipedia

    en.wikipedia.org/.../Rollovers_as_Business_Start-Ups

    A C corporation must be set up in order to roll the 401(k) withdrawal. [1] Promoters and facilitators, such as Roth IRA brokers of self-directed IRA LLCs, or small business financing, market IRS ROBS arrangements to prospective entrepreneurs and business owners for funding for a business as small business financing. Most have a very close ...

  7. Understanding taxes when buying and selling a car - AOL

    www.aol.com/understanding-taxes-buying-selling...

    If you spend $7,000 on a car and an additional $1,000 on improvements, but you sell the car for $7,000, it's considered a capital loss, and you don't need to pay tax on the sale.

  8. Employee stock ownership plans in the United States

    en.wikipedia.org/wiki/Employee_stock_ownership...

    In 1956, Louis Kelso invented the first ESOP, which allowed the employees of Peninsula Newspapers to buy out the company founders. [2] Chairman of the Senate Finance Committee, Senator Russell Long , a Democrat from Louisiana, helped develop tax policy for ESOPs within the Employee Retirement Income Security Act of 1974 (ERISA), calling it one ...

  9. Don't use your business account to pay personal expenses! - AOL

    www.aol.com/news/2008-07-11-dont-use-your...

    Many small business owners make a common mistake: They use their business checking account or business credit card to pay personal expenses. They figure it's no big deal.