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How to Start Your Own (Subchapter) S Corporation [Paperback]

Robert A. Cooke (Author)
3.0 out of 5 stars  See all reviews (4 customer reviews)


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Paperback $23.07  
Paperback, April 24, 1995 --  
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How to Start Your Own 'S' Corporation, Second Edition How to Start Your Own 'S' Corporation, Second Edition 3.0 out of 5 stars (4)
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Book Description

April 24, 1995 Subchapter S Corporation
Absolutely everything you need to know about forming a small business corporation (S corporation) and the new limited liability company.

You've heard all about it from your auto mechanic, the gang at Cheers, and even your know-it-all mother-in-law. Now get the real facts about forming a (Subchapter) S corporation from somebody who genuinely knows: Robert A. Cooke, CPA. Over the years, Bob has helped dozens of his small business clients decide on and form the best type of corporation for them. Now, in this one-of-a-kind guide, he tells you everything you need to know on the subject. He gives you step-by-step guidance, savvy insider tips, and a wealth of hard-to-get information on S and every other type of corporation your business may qualify for. And he gives it all to you in a plainspoken, conversational style that makes even the murkiest legal concepts clear as day for nonlawyers.

This guide is written for small business owners and entrepreneurs

  • Saves you hours of valuable time wading through miles of official publications and bureaucratic doubletalk
  • Clearly explains the advantages and disadvantages of S corporations, limited liability companies, partnerships, C corporations, and other legal forms of business
  • Helps you choose the business form that's right for your goals and income level
  • Tells you what you need to do to set up your corporation, who to write to, what to ask for, and how to find affordable professional assistance
  • Illustrates all important points covered with dozens of eye-opening real-life examples and vignettes.

So, whether you're thinking about starting your own business or you already own a small business, read How to Start Your Own (Subchapter) S Corporation and get the inside track on what type of corporation is really best for your business.



Editorial Reviews

From the Back Cover

"Absolutely everything you need to know about forming a small business corporation (S corporation) and the new limited liability company.

You've heard all about it from your auto mechanic, the gang at Cheers, and even your know-it-all mother-in-law. Now get the real facts about forming a (Subchapter) S corporation from somebody who genuinely knows: Robert A. Cooke, CPA. Over the years, Bob has helped dozens of his small business clients decide on and form the best type of corporation for them. Now, in this one-of-a-kind guide, he tells you everything you need to know on the subject. He gives you step-by-step guidance, savvy insider tips, and a wealth of hard-to-get information on S and every other type of corporation your business may qualify for. And he gives it all to you in a plainspoken, conversational style that makes even the murkiest legal concepts clear as day for nonlawyers.

This guide is written for small business owners and entrepreneurs Saves you hours of valuable time wading through miles of official publications and bureaucratic doubletalk Clearly explains the advantages and disadvantages of S corporations, limited liability companies, partnerships, C corporations, and other legal forms of business Helps you choose the business form that's right for your goals and income level Tells you what you need to do to set up your corporation, who to write to, what to ask for, and how to find affordable professional assistance Illustrates all important points covered with dozens of eye-opening real-life examples and vignettes.

So, whether you're thinking about starting your own business or you already own a small business, read How to Start Your Own (Subchapter) S Corporation and get the inside track on what type of corporation is really best for your business.

About the Author

ROBERT A. COOKE, CPA, has had twenty years of experience in public accounting. Prior to becoming a CPA, he was the owner and co-owner of three successful small businesses. He has taught numerous seminars on finance and accounting for Pryor Resources, Inc., and is the author of a successful book on financial management.

Product Details

  • Paperback: 256 pages
  • Publisher: Wiley; 1 edition (April 24, 1995)
  • Language: English
  • ISBN-10: 0471110221
  • ISBN-13: 978-0471110224
  • Product Dimensions: 10.9 x 8.5 x 0.7 inches
  • Shipping Weight: 1.2 pounds
  • Average Customer Review: 3.0 out of 5 stars  See all reviews (4 customer reviews)
  • Amazon Best Sellers Rank: #3,502,280 in Books (See Top 100 in Books)

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Average Customer Review
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29 of 32 people found the following review helpful:
2.0 out of 5 stars Confusing, not enough detail, October 21, 1999
By A Customer
This review is from: How to Start Your Own (Subchapter) S Corporation (Paperback)
HOW TO START YOUR OWN (SUBCHAPTER)S CORPORATION initially deceives the reader into thinking it will be easy to understand, because of the author's folksy style and use of plain language. However, the information in the book is not organized helpfully, nor is it complete. For example, there is one mention of Social Security Tax in the index; upon looking at the correct page for this mention, I found an only an irreverent reference to the possibility that FICA taxes may not be returned to taxpayers in Social Security payments. In the "Summary and Examples" section of Chapter 3, the author states, "...again, the IRS and the Social Security Administration won't like that procedure..." (i.e., taking all S corporation profits as dividend distributions) but I was unable to find where the author had discussed this at all (why say, "again,"?)

Furthermore, an updated edition would be welcome inasmuch as there have been several changes to S Corporation regulations, the most notable being in 1996 when the limit on number of stockholders was changed from 35 to 75, a substantial increase indeed.

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33 of 37 people found the following review helpful:
1.0 out of 5 stars Very Disappointed, November 25, 1999
By 
This review is from: How to Start Your Own (Subchapter) S Corporation (Paperback)
I was very disappointed with this book. Its cover gives the impression, with bullets, that you will be able to learn several things from the author. For example 1) Using an S Corp for a personal tax shelter. 2) Completely avoid paying any income tax. I bought this book thinking that I would be taken through a step by step process on how to accomplish at least those items highlighted on the books cover. But instead, I was taken through a lot of general information without really being tought how to "do" anything. I believe that the author is knowledgeable, however this book was sold as a "how to" book. It feel way short of that mark.
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6 of 8 people found the following review helpful:
5.0 out of 5 stars Excellent information and advice., December 29, 2003
By A Customer
This review is from: How to Start Your Own (Subchapter) S Corporation (Paperback)
I own and operate my own S-Corporation, and I found this book to be chockful of invaluable information and advice for setting it up and running it. I strongly recommend the book.
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gross income sourced, other rental activities, investment credit recapture tax, tax reference items, net passive income tax, other portfolio income, total foreign taxes, tax shelter registration number, business purpose request, desired effective date, undistributed taxable income previously taxed, rata share items, net negative adjustment, geothermal properties, other adjustments account, attach schedule, shareholder materially, foreign eligible entity, unrecaptured section, passive activity limitations, undersigned shareholders, separate consent statement, natural business year, tax year other than, income forecast method
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