Definition of Fiscal Year:
A fiscal year is the 12-month business or accounting year selected by the corporation or LLC. Most corporations and LLCs have a fiscal year that is the same as the calendar year, but some companies choose a fiscal year that begins and ends at another time of year. Most S-corporations have a fiscal year that is the same as the calendar year.
Today’s Question — Saturday, February 4
Must my corporation’s name end in “Inc.”?
No, you can typically choose from “Inc.”, “Incorporated”, “Corp.”, “Corporation”, “Limited” and similar names and abbreviations to indicate to the public that the entity is a corporation. The law varies from state to state and should be considered when forming your corporation. However, corporations do typically need to use one of these words or abbreviations.
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