Which corporate tax structure do you prefer?

**NALEM** · 02-11-2023, 12:46 PM

Originally posted by mainstreammix

Just curious, appreciated.

Each type has its pros and cons. May I suggest that you post what exactly are you looking to accomplish, and be as detailed as possible.

**fuzebox** · 02-11-2023, 02:25 PM

S Corp LLC running salary through payroll company, max the SEP IRA, dividend the rest.

**King Mark** · 02-11-2023, 03:30 PM

Originally posted by fuzebox

S Corp LLC running salary through payroll company, max the SEP IRA, dividend the rest.

This is the way 👍

**mainstreammix** · 02-11-2023, 04:14 PM

Originally posted by fuzebox

S Corp LLC running salary through payroll company, max the SEP IRA, dividend the rest.

That's what I was looking at. I previously had a full S and I remember it being a pain in the ass but I was young so could be remembering wrong. An acquaintance swore by C but haven't been able to get him on the phone to remind me why.

Thanks

**fuzebox** · 02-11-2023, 04:56 PM

Originally posted by mainstreammix

That's what I was looking at. I previously had a full S and I remember it being a pain in the ass but I was young so could be remembering wrong. An acquaintance swore by C but haven't been able to get him on the phone to remind me why.

Thanks

C's are good for billing or multi ownership scenarios, LLC easier and cleaner for a solopreneur.

**AmeliaG** · 02-11-2023, 05:15 PM

Most investors will prefer C, but, yeah, what fuzebox said.

I mean, unless you don't have assets, don't have multiple businesses, in which case you may not need to bother.

(I am not a financial advisor or tax attorney.)

Which corporate tax structure do you prefer?

Which corporate tax structure do you prefer?

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