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Old 09-10-2010, 01:01 PM  
SallyRand
So Fucking Banned
 
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Join Date: Jan 2008
Location: In A Galaxie Far, Far Away!
Posts: 3,487

Quote:
Originally Posted by BFT3K View Post
You know something Sally - A "C corp" does not "set you free" of state corporate business taxes. Most people would be better off with an LLC. It makes way more sense, and still provides you with the protections of a corporate veil.

Even the shit you are peddling makes no fucking sense!
And you obtained you CPA or law degree just where?

Dude, I can set up a corporation so that no one on the planet can find out who's really running it without a damned good reason, accompianied by a subpoena or search warrant. Try that shit with an LLC!

I can also tell you how to keep a corporation absolutely broke, if not in the red, such that the corp owes no tax and maybe even have losses to carry forward. I can tell you how to avoid the double-taxation which may affect certain corporations, depending on how payouts are handled.

I can also tell you that LLCs are much more easily considered to be "closely held" by courts, which can blow the corporate veil all to Hell and back in a hurry.

I can tell you that everything I've mentioned is also 100% legal!

I can also tell you that I am so fucking smart that I make smart people look like retards and I just outsmarted you big time.

Just sayin'.

Sally.
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