Just got incorporated... - GoFuckYourself.com

xlogger · 02-21-2007, 03:37 PM

Choose S-Corp! Hope i can save some tax now!

Have to keep track of expenses and shit now, know any good software for it?

Juilan · 02-21-2007, 03:38 PM

I got that on my plate too. What was the deciding factor between LLC & S-corp for ya'?

MikesTraffic · 02-21-2007, 03:40 PM

What's the benefits, right now im just doing taxable income as a person...

xlogger · 02-21-2007, 03:43 PM

Quote:

Originally Posted by Juilan

I got that on my plate too. What was the deciding factor between LLC & S-corp for ya'?

Deciding factor is that i can save more $ with S-corp, LOL. My cpa is pretty good, he know everything and told me S-corp was the best, so i choose that. If you guys dont dont have a cpa then i highly suggest getting one!

Sosa · 02-21-2007, 03:45 PM

I'm also with a s-corp. It just depends how much paperwork you want your lawyer/cpa to go through setting it all up, and if how much leverage you want with ownership and funds etc. Just google s-corp vs llc and you will get some good info. Some depends on state as well.

fris · 02-21-2007, 04:16 PM

spend a few bucks and get a corp in panama, solves all your problems

FreeHugeMovies · 02-21-2007, 05:07 PM

Yea Excel

LiveDose · 02-21-2007, 05:11 PM

Quote:

Originally Posted by Fris

spend a few bucks and get a corp in panama, solves all your problems

Problems?

02-21-2007, 03:37 PM	#1
xlogger Confirmed User Join Date: Jul 2004 Location: NY Posts: 9,507	Just got incorporated... Choose S-Corp! Hope i can save some tax now! Have to keep track of expenses and shit now, know any good software for it? __________________ ---------- XLOGGER [REFLECTED] [OH] Last edited by xlogger; 02-21-2007 at 03:38 PM..

02-21-2007, 03:38 PM	#2
Juilan Sultan of Swing Join Date: Feb 2004 Location: XXXodus Posts: 15,141	I got that on my plate too. What was the deciding factor between LLC & S-corp for ya'? __________________ My Best Converting VOD Sponsor \|

02-21-2007, 03:40 PM	#3
MikesTraffic Confirmed User Join Date: Jan 2006 Location: Montgomery, Alabama Posts: 1,992	What's the benefits, right now im just doing taxable income as a person... __________________ Fortinet GURU

02-21-2007, 03:45 PM	#5
Sosa In Tushy Land Join Date: Oct 2002 Location: Nebraska Posts: 40,149	I'm also with a s-corp. It just depends how much paperwork you want your lawyer/cpa to go through setting it all up, and if how much leverage you want with ownership and funds etc. Just google s-corp vs llc and you will get some good info. Some depends on state as well. Last edited by Sosa; 02-21-2007 at 03:46 PM..

02-21-2007, 04:16 PM	#6
fris Too lazy to set a custom title Industry Role: Join Date: Aug 2002 Posts: 55,372	spend a few bucks and get a corp in panama, solves all your problems __________________ Since 1999: 69 Adult Industry awards for Best Hosting Company and professional excellence. WP Stuff

02-21-2007, 05:07 PM	#7
FreeHugeMovies Too lazy to set a custom title Join Date: Dec 2001 Location: Charlotte, NC Posts: 14,137	Yea Excel