Quote:
Originally posted by angelsofporn
I'm an S Corp and it works well because you only have to report income you actually remove from the business. So you dont get taxed as a company hen taxed again as an individual. Just allocate your self a small salary and dont worry about anything else.
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I pay estimated taxes on my LLC but you probably have to do so also with a S-Corp.
Unless you hire people, then you don't have to worry about payroll since you're the only person in the company. The salary = all of the company's income sans expenses/deductions and taxes.
A company is a company and you're gunna get taxed on it whether it's a corporation, a llc, or whatever.
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