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Originally Posted by nation-x
Last time I checked, Ron... Corporations are their own entity... so how exactly do you get to add individual tax rates with corporate tax rates to come up with effective tax rates?
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C Corps are their own entity. The better plan these days is to incorporate as an S Corp or an LLC. At the end of the year the owner(s) pay their taxes from a K1.
My businesses are structured as the main entity as a C Corp. It has a large amount of assets that can be depreciated at various rates. The entity that owns the buildings is an LLC. Not many deductions available. And the tire company is also an LLC. Basically since I acquired the tire company it's been converted to a sales and marketing organization that purchases the tires from the C corp.
Having multiple corporate entities is the way to go.