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Old 09-10-2010, 01:17 PM  
BFT3K
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Join Date: Dec 2005
Location: Narnia
Posts: 10,764
Quote:
Originally Posted by SallyRand View Post
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.
My company IS a C Corp genius, and I have to pay a corporate business tax every year. The c corp accounting is more complicated than it needs to be, and in hindsight I would have DEFINITELY been better off as an LLC.

But hey, you are so scary smart, I must be wrong!
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