How to Deal with Work-Related Accidents

Written by Mart Gil Abareta

Continued from page 1

When your income is relatively small to compensate forrepparttar medical expenses you’ve incurred, you can still live on it untilrepparttar 144747 case is settled. Also, don’t be afraid to lose your job because ofrepparttar 144748 filing of your workplace accident injury claim. You are protected byrepparttar 144749 law which states that no employer can seek vengeance against an employee for filing a claim. However, as expected, once you initiate a legal claim against your employer, things will never berepparttar 144750 same inrepparttar 144751 workplace.

Indeed, managing your expectations during recovery isrepparttar 144752 most significant part that you play after a work-related accident. Learn to defend yourself against good or bad news can improverepparttar 144753 chances of getting overrepparttar 144754 worst ofrepparttar 144755 trauma that you’ve endured. Therefore, you have to realizerepparttar 144756 importance a work-related accident lawyer who can provide you some sense of stability and help you calculaterepparttar 144757 amount of money that it has cost your to repair your body physically and psychologically.

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S Corporation – What Is It?

Written by Richard A. Chapo

Continued from page 1

Although S corporations are a tax choice, there are limitations on what corporate entities can makerepparttar election. The biggest hurdles are:

1. There can be no more than 75 shareholders;

2. Each shareholder must be a person, not a business entity; and

3. There can be only one class of stock.


While S corporations provide relief fromrepparttar 144609 tax filings of a C corporation, there are negative aspects to using them. Simply put, a C corporation can write off more expenses. S corporations may not be able to deduct certain types of insurance and costs of doing business. The list is fairly complicated, so you should speak with a tax professional prior to deciding which designation works for your business.

S Corporation vs. Limited Liability Company

S corporations have a definite tax advantage over limited liability companies [“LLC”]. Distributions from LLCs to shareholders are subject to self-employment tax [15.2 percent] in their entirety. Distributions from S corporations, however, can be broken down into two categories, salaries and dividends. The dividend distributions are not subject torepparttar 144610 self-employment tax. Avoiding self-employment tax can make a substantial difference inrepparttar 144611 amount of money you take home.

In Closing

I always laugh when someone emphatically says that every business should be formed as a particular entity. Such statements are simply wrong. The “best” business entity depends entirely onrepparttar 144612 nature of your business. In many instances, S corporations are ideal.

Richard A. Chapo is a business lawyer with - This article is for information purposes only. Nothing in this article is intended to address the reader’s specific situation nor does it create an attorney-client relationship.

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