Which corporate tax structure do you prefer? - GoFuckYourself.com

mainstreammix · 02-11-2023, 01:08 PM

Just curious, appreciated.

NALEM · 02-11-2023, 02:46 PM

Quote:

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, 04:25 PM

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

King Mark · 02-11-2023, 05:30 PM

Quote:

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, 06:14 PM

Quote:

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, 06:56 PM

Quote:

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, 07:15 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.)

02-11-2023, 01:08 PM	#1
mainstreammix So fucking banned Industry Role: Join Date: May 2022 Posts: 10,284	Which corporate tax structure do you prefer? Just curious, appreciated.

02-11-2023, 07:15 PM	#7
AmeliaG Too lazy to set a custom title Join Date: Jan 2003 Location: Los Angeles Posts: 10,531	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.) __________________ GFY Hall of Famer AltStar Hall of Famer Blue Blood's SpookyCash.com Babe photography portfolio

02-11-2023, 04:25 PM	#3
fuzebox making it rain Industry Role: Join Date: Oct 2003 Location: seattle Posts: 22,021	S Corp LLC running salary through payroll company, max the SEP IRA, dividend the rest.