Quote:
Originally Posted by SallyRand
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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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!
