04-12-2008, 09:08 AM
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So Fucking Banned
Industry Role:
Join Date: Apr 2001
Location: the beach, SoCal
Posts: 107,089
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Quote:
Originally Posted by qxm
K... I haven't registered a sole proprietorship business or corporate acc so Im in the same boat as this guy, what's better? can you give some examples with rough figures? (If you have time that is!  ) |
Google is a great way to refresh one's memory:
Quote:
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S Corp vs C Corp If you plan to remove significant profits above what would be considered a reasonable salary for you as President or CEO, you would favor an S corp, because S corp are pass-through tax devices. For S corp, there is generally no tax at the corporate level. This means that once a reasonable wage is paid, excess profits can be removed as distributions. If you chose a C corp, dividends will be doubly-taxed.
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http://www.residual-rewards.com/s-co...rporation.html |
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