S-Corps What is an S-Corporation? Answer: it is just like any other corporation, except for how it is taxed. Regular C-Corps pay their own taxes, and the owners pay taxes on the disbursements from the corporation. S-Corporations, however, typically do not pay federal corporate income tax, as both profits and...
BUSINESSES ARE FILING BANKRUPTCY AT THE FASTEST PACE SINCE THE PANDEMIC Corporate bankruptcies are surging. June saw the highest monthly bankruptcy filings since 2020. Supply chain issues continue; consumers are spending less; and retailers are closing brick and mortar locations. The pandemic stimulus set off a shopping spree that lasted...
Small Business Bankruptcy Faster. Easier. There is a Small Business Reorganization Act that now streamlines existing rules for small businesses to restructure successfully under Chapter 11 of the Bankruptcy Code. There are requirements for what qualifies as a small business, but generally, it can be a business corporation or limited...
CALIFORNIA CORPORATIONS AND LIMITED LIABILITY COMPANIES MUST HAVE A REGISTERED AGENT FOR SERVICE OF PROCESS Epps & Coulson, LLP regularly serves as the registered agent for our clients to keep the business in regulatory compliance. Most businesses, big and small, do not want a process server showing up to serve...
PBMs are Auditing and Collecting from Pharmacies in Record Numbers – Pharmacies Should Challenge the Audit Epps & Coulson, LLP has found that a pharmacy challenging demands for repayment from the insurance carriers may be the best strategy to stay in business. Pharmacy Benefit Managers (“PBMs”) contract with insurance carriers...
OSHA Changes To Recordkeeping and Submission Requirements for Employers The Occupational Safety and Health Administration (“OSHA”) issued new proposed rules today that would require “establishments with 100 or more employees in certain designated industries to electronically submit information from their OSHA Forms 300, 301 and 300A to OSHA once a...