Can diet beat depression?

Jan. 3, 2012 ? Research into diet and depression should follow the model of studies into diet and cardiovascular risk. So argue Almudena Sanchez-Villegas and Miguel A Mart?nez-Gonz?lez in an opinion piece, in BioMed Central?s open access journal BMC Medicine this week.

The authors, from the universities of Las Palmas and Navarra, assess the evidence into links between diet and depression and find it lacking. ?Depression is similar in many aspects to heart disease? they explained. ?Both are associated with low-grade inflammation, endothelial dysfunction and worse lipid profiles. This tends to suggest that the underlying causes, such as a diet high in trans fats, are also the same.?

Though there is plenty of evidence that there is an association, and that fast food increases risk of depression (while the Mediterranean diet decreases it), most of these studies do not show causality. Almudena Sanchez-Villegas continued, ?It is difficult to be sure that the diet is responsible for depression ? it could be that depressed people make bad food choices. Other study problems include ?confounders? which may influence dietary habits, such as marital status, exercise, alcohol (or smoking), medical conditions and social networks. Or simply genetics.?

Miguel A Mart?nez-Gonz?lez concluded, ?To address these issues we need long term, randomised clinical studies similar to ones successfully conducted for diet and cardiovascular disease risk. Only then will we really understand the impact of diet of depression.?

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The above story is reprinted from materials provided by BioMed Central Limited.

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Journal Reference:

  1. Almudena Sanchez-Villegas and Miguel A Mart?nez-Gonz?lez. Diet, a new target to prevent depression? BMC Medicine, 2013 [link]

Note: If no author is given, the source is cited instead.

Disclaimer: This article is not intended to provide medical advice, diagnosis or treatment. Views expressed here do not necessarily reflect those of ScienceDaily or its staff.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/top_news/top_health/~3/exPKqfIN6NE/130102205517.htm

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House finally ready to vote on fiscal deal

WASHINGTON (AP) ? Maneuvered into a political corner, House Republicans abandoned demands for changes in emergency legislation to prevent widespread tax increases and painful across-the-board spending cuts and cleared the way for a final, climactic New Year's night vote.

The decision capped a day of intense political calculations for conservatives who control the House. They had to weigh their desire to cut spending against the fear that the Senate would refuse to consider any changes they made in the "fiscal cliff" bill, sending it into limbo and saddling Republicans with the blame for a whopping middle class tax increase.

Adding to the GOP discomfort, one Senate Democratic leadership aide said Majority Leader Harry Reid would "absolutely not take up the bill" if the House changed it. The aide spoke on condition of anonymity, citing a requirement to keep internal deliberations private.

The legislation cleared the Senate hours earlier on a lopsided pre-dawn vote of 89-8. Administration officials met at the White House to monitor its progress.

"I do not support the bill. We are looking, though, for the best path forward," House Majority Leader Eric Cantor, R-Va., declared after one meeting of the party's rank-and-file.

Despite Cantor's remarks, Speaker John Boehner took no public position on the bill as he sought to negotiate a conclusion to the final crisis of a two-year term full of them.

It wasn't the first time that the tea party-infused House Republican majority has rebelled against the party establishment since the GOP took control of the chamber 24 months ago. But with the two-year term set to end Thursday at noon, it was likely the last. And as was true in earlier cases of a threatened default and government shutdown, the brinkmanship came on a matter of economic urgency, leaving the party open to a public backlash if tax increases do take effect on tens of millions.

After intensive deliberations ? a pair of rank-and-file meetings sandwiched around a leadership session, the GOP high command had not yet settled on a course of action by early evening.

Instead, they canvassed Republicans to see if they wanted simply to vote on the Senate measure, or whether they wanted first to try and add spending cuts totaling about $300 billion over a decade. The cuts had passed the House twice earlier in the year but are opposed by most if not all Senate Democrats.

"We've gone as far as we can go," said Rep. Jack Kingston, R-Ga. "I think people are ready to bring this to a conclusion, and know we have a whole year ahead of us" for additional fights over spending.

The economic as well as political stakes were considerable.

Economists have warned that without action by Congress, the tax increases and spending cuts that technically took effect with the turn of the new year at midnight could send the economy into recession.

Even with enactment of the legislation, taxes are on the rise for millions.

A 2 percentage point temporary cut in the payroll tax, originally enacted two years ago to stimulate the economy, expired with the end of 2012. Neither Obama nor Republicans have made a significant effort to extend it.

The Senate-passed bill was designed to prevent that while providing for tax increases at upper incomes, as Obama campaigned for in his successful bid for a second term.

It would also prevent an expiration of extended unemployment benefits for an estimated two million jobless, block a 27 percent cut in fees for doctors who treat Medicare patients, stop a $900 pay increase for lawmakers from taking effect in March and head off a threatened spike in milk prices.

At the same time, it would stop $24 billion in spending cuts set to take effect over the next two months, although only about half of that total would be offset with spending reductions elsewhere in the budget.

The non-partisan Congressional Budget Office said the measure would add nearly $4 trillion over a decade to federal deficits, a calculation that assumed taxes would otherwise have risen on taxpayers at all income levels. There was little or no evident concern among Republicans on that point, presumably because of their belief that tax cuts pay for themselves by expanding economic growth and do not cause deficits to rise.

The relative paucity of spending cuts was a sticking point with many House Republicans. Among other items, the extension of unemployment benefits costs $30 billion, and is not offset by savings elsewhere.

"I personally hate it," said Rep. John Campbell of California. "The speaker the day after the election said we would give on taxes and we have. But we wanted spending cuts. This bill has spending increases. Are you kidding me? So we get tax increases and spending increases? Come on."

Others said unhappiness over spending outweighed fears that the financial markets will plunge on Wednesday if the fiscal cliff hasn't been averted.

"There's a concern about the markets, but there's a bigger concern, which is getting this right, which is something we haven't been very good at over the past two years," said Rep. Steve LaTourette of Ohio.

House Democrats met privately with Biden for their review of the measure, and the party's leader, Rep. Nancy Pelosi of California, said afterward that Boehner should permit a vote.

"That is what we expect. That is what the American people deserve," she said.

For all the struggle involved in the legislation, even its passage would merely clear the way for another round of controversy almost as soon as the new Congress convenes.

With the Treasury expected to need an expansion in borrowing authority by early spring, and funding authority for most government programs set to expire in late March, Republicans have made it clear they intend to use those events as leverage with the administration to win savings from Medicare and other government benefit programs.

McConnell said as much moments before the 2 a.m. Tuesday vote in the Senate ? two hours after the advertised "cliff" deadline.

"We've taken care of the revenue side of this debate. Now it's time to get serious about reducing Washington's out-of-control spending," he said. "That's a debate the American people want. It's the debate we'll have next. And it's a debate Republicans are ready for."

The 89-8 vote in the Senate was unexpectedly lopsided.

Despite grumbling from liberals that Obama had given way too much in the bargaining, only three Democrats opposed the measure.

Among the Republican supporters were Sen. Pat Toomey of Pennsylvania, an ardent opponent of tax increases, as well as Sen. Ron Johnson of Wisconsin, elected to his seat two years ago with tea party support.

It marked the first time in two decades that Republicans willingly supported higher taxes, in this case on incomes over $400,000 for individuals and $450,000 for couples. Taxes also would rise on estates greater than $5 million in size, and on capital gains and dividend income made by the wealthy.

___

Associated Press writers Andrew Taylor, Larry Margasak and Julie Pace contributed to this story.

Source: http://news.yahoo.com/house-vote-years-night-cliff-012539090--finance.html

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North Korean leader seeks end to confrontation with South

SEOUL (Reuters) - North Korean leader Kim Jong-un called for an end to confrontation between the two Koreas, technically still at war in the absence of a peace treaty to end their 1950-53 conflict, in a surprise New Year speech broadcast on state media.

The address by Kim, who took over power in the reclusive state after his father, Kim Jong-il, died in 2011, appeared to take the place of the policy-setting New Year editorial published in leading state newspapers.

But North Korea has offered olive branches before and Kim's speech does not necessarily signify a change in tack from a country which vilifies the United States and U.S. ally South Korea at every chance it gets.

Impoverished North Korea raised tensions in the region by launching a long-range rocket in December that it said was aimed at putting a scientific satellite in orbit, drawing international condemnation.

North Korea, which considers North and South as one country, the Democratic People's Republic of Korea, is banned from testing missile or nuclear technology under U.N. sanctions imposed after its 2006 and 2009 nuclear weapons tests.

"An important issue in putting an end to the division of the country and achieving its reunification is to remove confrontation between the north and the south," Kim said in the address that appeared to be pre-recorded and was made at an undisclosed location.

"The past records of inter-Korean relations show that confrontation between fellow countrymen leads to nothing but war."

The New Year address was the first in 19 years by a North Korean leader after the death of Kim Il-sung, Kim Jong-un's grandfather. Kim Jong-il rarely spoke in public and disclosed his national policy agenda in editorials in state newspapers.

"(Kim's statement) apparently contains a message that he has an intention to dispel the current face-off (between the two Koreas), which could eventually be linked with the North's call for aid (from the South)," said Kim Tae-woo, a North Korea expert at the state-funded Korea Institute for National Unification.

"But such a move does not necessarily mean any substantive change in the North Korean regime's policy towards the South."

The two Koreas have seen tensions rise to the highest level in decades after the North bombed a Southern island in 2010 killing two civilians and two soldiers.

The sinking of a South Korean navy ship earlier that year was blamed on the North but Pyongyang has denied it and accused Seoul of waging a smear campaign against its leadership.

Last month, South Korea elected as president Park Geun-hye, a conservative daughter of assassinated military ruler Park Chung-hee whom Kim Il-sung had tried to kill at the height of their Cold War confrontation.

Park has vowed to pursue engagement with the North and called for dialogue to build confidence but has demanded that Pyongyang abandon its nuclear weapons ambitions, something it is unlikely to do.

Conspicuously absent from Kim's speech was any mention of the nuclear arms program.

(Additional reporting by Sung-Won Shim; Editing by Nick Macfie)

Source: http://news.yahoo.com/north-korean-leader-rare-address-seeks-end-confrontation-024100592.html

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Dividend Taxes - Business Insider

Most of the attention around the Fiscal Cliff has been focused on income taxes.

The way the deal went down, a tiny portion of American taxpayers ? households that earn more than $450,000 per year ? will see their income taxes rise modestly, from 35% to 39.6%.

Everyone else's income taxes will stay the same.

But that's not the whole story.

By not addressing the payroll tax, the Fiscal Cliff deal will also result in a tax hike for all working Americans, including those in the middle and poor classes. All income up to $110,000 will now be socked with a 2 point increase in the payroll tax, from 4.2% to 6.2%, which will pluck $2,000 out of the pockets of families making $100,000 a year.

Meanwhile, thanks to a deal on dividend taxes, the highest earning Americans have gotten a massive tax cut over the taxes that would have taken effect had a Fiscal Cliff deal not been agreed to.

Dividend taxes for households making more than $450,000 per year will rise from 15% to 20% (plus an additional 3.8% surcharge for Obamacare, to a total of 23.8%). But they won't rise all the way to 39.6%, which they were scheduled to rise to without a Fiscal Cliff deal. Meanwhile, dividend taxes for those earning less than $450,000 a year will remain at 15% (18.8% with the surcharge, for those with income between $250,000 and $450,000). So the richest Americans have dodged a big tax bullet.

Importantly, the dividend tax deal will disproportionately help the richest Americans:

  • 47% of all dividend income is earned by the 3.8% of American households that make more than $200,000 per year (2009 tax data).
  • Households that make more than $200,000 collect a total of $70 billion of qualified dividends per year (2009). This tax change will save these households about $14 billion a year vs. the pre-deal tax rates.
  • The top 400 highest earning taxpayers collect about $10 billion a year in dividends, or $25 million apiece. This tax change will save these folks a BOAT LOAD of money: About $2 billion in total, or an average of about $5 million apiece (2009 data).

In other words, the tax deal that Congress just agreed to will raise $125 billion from increased payroll taxes from all working Americans (poor and middle class alike), while saving the richest Americans at least $20 billion in dividend taxes.

Some of the folks who will save money on dividend taxes will obviously pay more on wage income, so there will be some balancing. But some won't.

So, be happy this morning, rich Americans!

This is a great deal for you!

SEE ALSO: DEAR AMERICA: Here Are Your New Tax Rates

Source: http://www.businessinsider.com/dividend-taxes-2013-1

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Samsung Galaxy Note II purportedly reaching South Korea in brown and red

Samsung Galaxy Note II purportedly reaching South Korea in brown and red

Yes, the black Galaxy Note II may have been more wishful thinking than reality, but that doesn't mean Samsung is sticking to a narrow palette for its extra-large flagship. A supposed magazine page in South Korea shows both a brown Note II (already available in Japan) and a previously unseen red model headed to the country at an unspecified point in the future. The claim sounds promising for those who've wanted more options than gray and white. All the same, we'll remain skeptical unless the new colors are made official -- Samsung hasn't commented on the authenticity of the page, and the original Korean forum post has disappeared without a trace. We can't help but hope it's real, though, if just for the chance of another smartphone designed for vampires.

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Via: Unwired View

Source: Blog of Mobile (translated)

Source: http://www.engadget.com/2013/01/01/samsung-galaxy-note-ii-purportedly-reaching-south-korea-in-brown-and-red/

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My personal finance goals for 2013 | MNN - Mother Nature Network

Happy New Year! ?Tonight we say goodbye to 2012 and tomorrow we welcome the year 2013. ?New Year?s Resolutions will be made by the millions but I?m more of a goals gal; I prefer to set goals rather than make resolutions and every year I sit down and make a list of personal finance goals for the New Year.

?

The first step in this process is to look back at my personal finance goals for 2012. ?I had three main goals: ?increase retirement savings to 15 percent of our gross household income, create a nine-month emergency savings account and pay off my student loans. ?

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Unfortunately, I didn?t complete all of these goals. I?m only human and I?m not afraid to share my failure because I did make progress and in hindsight, I?ve realized that perhaps I was a bit aggressive with my goal setting. ?Paying off my student loans didn?t happen ? that was a very aggressive goal and while it would have been nice, it just wasn?t very realistic.

?

Nine months of savings also proved to be just beyond our reach. ?Our savings did grow throughout the year, though, and so this is still a work-in-progress. ?We did boost our retirement savings, not quite to the 15 percent level but pretty close. ?Last year we managed to save about 12 percent of our household income for retirement. ?

?

Now that I?ve reflected, its time to look to the future and share a few of my personal finance goals for 2013

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  • Continue increasing retirement savings until we reach the 15 percent mark
  • Have a will drawn up
  • Reduce my energy costs by 10 percent
  • Reduce my food and grocery budget by 10 percent

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These goals certainly look achievable; notice I didn?t set a goal of paying off my student loans this year? ?That?s not going to happen for a few more years. ?See, I learned from last year?s financial goal faux pas.

?

What are your personal finance goals for 2013?

Source: http://www.mnn.com/money/personal-finance/blogs/my-personal-finance-goals-for-2013

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Gospel, long standing American tradition, takes new life in Rome

YoutubeDecember 30, 2012. (Romereports.com) ? Their velvety voices harmoniously synchronized... never hiding their emotion... Above all, praising God and preaching his love... that's Gospel music...
And while it may be an everlasting American tradition with deep ties to Baptist Christians, it's making inroads at the heart of Catholicism. ??

MARIO CIAMPA
Art Director, IMF Foundation

?When we started, 17 years ago, we were in this small place, it was very cold. We started off with just four singers with a piano, and there was just 50 people, but we insisted.?

Mario Ciampa organizes the annual Rome Gospel Festival, bringing together numerous Gospel groups and thousands of attendees.

Gospel has slowly made a name for itself in the eternal city. But it has not been easy. No less in part, because of the more moderate nature of worship within the dominant Catholic religion. A process much different from the hands-on tradition of Gospel.

MARIO CIAMPA
Art Director, IMF Foundation

"People walk with some hesitation, very rigid, because they're not used to participating actively in a concert.?

But once they embrace it, Ciampa describes it as musical therapy for the mind and soul.

Over the years, acceptance of this vastly different musical style has grown, propelling the festival to bigger performances and bigger attendance each year.

MARIO CIAMPA
Art Director, IMF Foundation

?People participate not in a religious manner for this event. They associate it a Christmas musical show, filled with lots of joy.?

In 2012, a whopping 11,000 attendees are expected to attend the 11 day event featuring some of the biggest names in Gospel from the United States.

RCA
MG

Source: http://www.romereports.com/palio/gospel-long-standing-american-tradition-takes-new-life-in-rome-english-8635.html

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Waccamaw Community Hospital blood drive Jan. 4

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GEORGETOWN, SC?- January is National Blood Donor Month, so why not start the year off with a pint? Of blood, that is.

Waccamaw Community Hospital is holding a blood drive Friday, Jan. 4, at ?Wachesaw Conference Center.

Members of the public can donate blood from 10:30 a.m. ? 4 p.m. in Conference Room 1A and 1B. Walk-ins are welcome, but appointments take priority. To schedule your appointment you can call 843-652-1135 or register online at www.redcrossblood.org, and enter sponsor code WaccamawHosp.

In addition to having a valid ID, blood donors must be healthy, be at least 17 years old and weigh a minimum of 110 pounds.

Wachesaw Conference Center is located at 4367 Riverwood Drive, 29576, across the street from Waccamaw Community Hospital.

Copyright 2012 WMBF News. All rights reserved.

Source: http://longslittleriverloris.wmbfnews.com/news/news/50345-waccamaw-community-hospital-blood-drive-jan-4

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Israel court overturns ban on Arab politician

JERUSALEM: Israel's Supreme Court ruled on Sunday an Arab lawmaker could stand in elections, overturning her disqualification by electoral officials over her participation in a Gaza-bound aid flotilla in 2010.

The nine-justice court ruled unanimously Haneen Zoabi "shall be a candidate for the Knesset" in a Jan. 22 poll without giving details of its reasons.

Zoabi drew widespread criticism in Israel for taking part in an international aid flotilla that challenged the Israeli blockade of the Gaza Strip, territory ruled by Hamas Islamists opposed to the existence of the Jewish state.

She was on the Mavi Marmara when Israeli naval commandos raided the Turkish vessel in May 2010, killing nine Turks in clashes with activists on board.

The Central Elections Committee voted on Dec. 19 to disqualify Zoabi, saying she had shown "support for an enemy state or terrorist organisation engaged in armed conflict against Israel".

Zoabi has said she had no role in any of the violence on board the Mavi Marmara and had tried to mediate between the sides during the raid.

Environment Minister Gilad Erdan criticised the ruling saying Zoabi had been involved in "expressing solidarity with our enemies".

Zoabi told Israeli Army Radio the judges had "avoided giving in to the racist right".

The Central Elections committee, which authorises parties' candidates ahead of votes, is chaired by a Supreme Court justice and made up of legislators from a number of political factions.

It has tried several times in the past to disqualify Arab political parties for alleged disloyalty to Israel, only to be overruled by the Supreme Court on appeal.

Zoabi belongs to the tiny Balad party that believes Israel should not be defined as a Jewish state.

Most of the Arabs who make up about 20 percent of the Israeli population are related to or descended from Palestinians who fled or were driven away in a 1948 war over Israel's establishment.

They are full-fledged citizens, though many complain of discrimination.

Source: http://www.dailystar.com.lb/News/Middle-East/2012/Dec-30/200362-israel-court-overturns-ban-on-arab-politician.ashx

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Corporation or LLC, which is right

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Many people wonder whether they should have a limited liability company or a corporation for their business. In order to find out which one is right for your 499032_f260business you will need to take a look at the various advantages and disadvantages of each type of business structure and then make your choice.

Here are the main advantages you will get if you decide to incorporate your business:

  1. Limited Liability ? this is a probably the best advantage that you will get if you incorporate your business. In most business structures the owner assumes all of the liability of the company, but when a business becomes incorporated the amount of your liability is limited to the amount of money that you have actually invested in the company. For example if you are a sole business owner then your car or house can actually be seized to pay any debts that your business might owe. But in a corporation the only way that you can be held responsible is if you have given a personal guarantee.
  2. Corporations Carry On - basically a corporation has an unlimited life span where as other business structures will cease to exist in certain scenarios. What this boils down to is that a corporation will continue to exist if the ownership of the business changes, if the shareholders die or leave the business, it doesn?t ever go away.
  3. Raising Money Is Easier - it is a known fact that corporations actually have an easier time raising money and because of this you will have an easier time growing and developing your business. The reason that they have an easier time is that corporations can actually not only borrow and incur debt but they can also sell shares and raise equity capital. This is a huge advantage because equity capital for the most part does not have to be repaid and it incurs no interest. But when you are issuing shares you are also reducing your percentage of ownership in the business.
  4. Income Control ? if you are a corporation you can be the one to determine when you personally receive income, which is a huge tax advantage. Basically what this does is that instead of getting your income when it is received it allows you to take your income at a time when you?ll pay less tax.
  5. Potential Tax Deferral ? this is not a guaranteed thing, but more like an opportunity when it arises. But this works because you can defer paying some tax until a later time so this may make you be able to realize a tax savings because it might put you into a lower tax bracket or you might be able to put it off until tax rates have fallen. This depends on what happens when taxes actually come due.
  6. Income Splitting ? this works because corporations pay dividends to their shareholders from the company?s earnings. So this allows you to split the income how you see fit. This can work because a shareholder does not have to be actively involved in the business to receive dividends. So you can spilt the income with people in your family so that not all of it is getting taxed at the higher tax rate, basically you will be redistributing income from a higher tax bracket to a lower tax bracket
  7. The Small Business Tax Deduction ? if you have a small business and you decide to make it a corporation you might qualify for the small business deduction. This is an annual tax credit that is calculated at the rate of 16% on the first $200,000 of taxable income. This can actually be a much lower tax bracket than that applied to your personal income.
  8. Increased Business ? this isn?t always a guarantee but for the most part people tend to perceive corporations as being more stable than other business, it just has something to do with the name. Not to mention that in some cases, such as contractors, some companies will only do business with you if you are a corporation because of liability issues.

Here are the disadvantages of having your business as a corporation:

  1. Registering a corporation is expensive ? they are very costly to set up. The reason for that is because they are a more complex legal structure than 499030_f260other business structures so creating one is going to be more complicated which requires more costs. These fees can range in the hundreds for small businesses, for the set up alone. And these set up fees can be higher for large businesses.
  2. Liability May Not Be As Limited As You Think ? most people think that they are protected from everything if they have a corporation, but this can be undercut by personal guarantees or even credit agreements. This becomes an issue if others won?t give the corporation credit. This usually happens because the corporation is new so they have limited assets which mean they don?t have enough to secure a loan so the banks and other lenders require guarantees from the owners. What this means is that if you default in repayment obligation on those you can be held liable, meaning lose your car or house.
  3. Less Tax Flexibility ? this area affects business losses. If you own the business on yoru own or with somebody else and your business suffers a loss you can use those losses to actually lower other types of personal income in the year that the losses occurred. But in a corporation if you have a loss they can only be carried forward or back to reduce the corporation?s income from other years.
  4. No Personal Tax Credits ? this can actually be a tax disadvantage for your business because the corporation isn?t eligible for personal tax credits. So in other words every dollar that the corporation earns is taxed. Sole owners and partnerships can claim tax credits that corporations cannot.
  5. Increased paperwork ? with a corporation there is a lot more paperwork involved just to maintain the corporation. An example of this is that corporations are required to maintain a minute book, and in this book you have to have the corporate bylaws and minutes from all corporate meetings. But you also have to keep all of the corporate documents up to date at all times, which means you are going to be facing a ton of paperwork.499035_f260
  6. Another Tax Return - if you decide to have a corporation you are going to have to file two tax retruns each year, one for your individual income and one for the corporation. This means that you are going to end up paying more for your accounting fees. But you are also going to be paying double taxes, because you have to pay personal income tax on the profits that you received plus all of the money made by the corporation is taxed before you receive your share.

Here are the main advantages of having a limited liability company:

  1. Limited Liability ? this is similar to a corporation because you have the same protections as the corporation when it comes to being responsible for the business debts. Basically a LLC exists as a separate entity so the members can?t be held responsible unless they have signed a personal guarantee.
  2. Flexible Profit Distribution ? this allows you to select varying forms of distribution of profits. A partnership requires you to split the profits fifty-fifty, but with the LLC you can do that or choose from another method, however you see fit.
  3. No Minutes ? corporations are required to keep formal minutes, have meetings, and record resolutions. But the LLC business structure does not require you to do any of these things, which in the long run actually makes it easier to operate.
  4. Flow Through Taxation ? all of your business losses, profits, and expenses are going to flow through the company to the individual members. So in this type of business you are going to avoid the double taxation of paying corporate tax and individual tax. In most cases this is considered to be a tax advantage but in some cases a business can benefit from having a corporate tax structure.

Here are the disadvantages to having a limited liability company:

  1. Limited Life ? unlike a corporation a limited liability company will not last forever. In fact these will be dissolved when one member, just one, dies or 499033_f260declares bankruptcy, regardless of how the other members are doing financially or if they want to stay in business. If they want to continue they must redefine their business as a limited liability.
  2. Going Public ? if you have any thoughts about taking yoru business public or issuing shares to your employees in the future you are better off going corporate from the beginning because of the complications of switching later on in the business? life.
  3. Added Complexity ? if you are running a sole proprietorship or even a partnership you are going to have an easier time because they are easy to run and do not require much paperwork. But when it comes to a LLC things get quite a bit more complicated. The reason for this is that a LLC can be federally classified as sole proprietorship, partnership or a corporation for tax purposes, which makes things all that more complicated because you have to learn the appropriate tax rules that apply.

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Source: http://themodernaccountant.com/2012/12/29/corporation-or-llc-which-is-right/

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