Originally Posted by MikeSmoke

Corporate cars: depends on how conservative your accountant is - some say it's a red flag. There are many ways to do it, though.

Too much taxes: you're more limited with an LLC (no pun intended) because it's a "pass-through" entity that also can't set up some of the benefit programs that a C-corp can.

If you just want to take the money and spend it on stuff, you may be out of luck. If you want to take the money and invest it in retirement programs, etc. - you may need to change your structure, and if your CPA isn't sure how or doesn't want to do it, you may need to change accountants. A lot of what I make goes right into retirement accounts such as SEP-IRAs or 401Ks, more goes into insurance-based investment products --- there are a lot of things you can do if (and I'm not implying that *you* do, just that many people here do) you don't want to just take the excess money and spend it on cars, drugs and hookers ;)

Usual disclaimer: not an accountant or lawyer, consult professionals, etc.