Quote:
Originally posted by Freako
Let's say I have 2 owners to my company, we pay X% of taxes for the company and then the revenue to the owners is tax free... right? (not taxed twice..)
Fucking goverment seems to make it hard to register... :P
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1. No, the corporation does not pay taxes for money it spends for business uses (like paying you) but you have to pay taxes. So if you have a registered corp. you need to do taxes for the corp. and your personal income tax.
2. Take to your accountant, he/she/they/it will be able to answer those questions. Registering is quick, easy, painless and not expensive and you can even do it without a lawyer or an accountant.