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-   -   Which corporate tax structure do you prefer? (https://gfy.com/showthread.php?t=1361803)

mainstreammix 02-11-2023 01:08 PM

Which corporate tax structure do you prefer?
 
Just curious, appreciated.

NALEM 02-11-2023 02:46 PM

Quote:

Originally Posted by mainstreammix (Post 23095987)
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 (Post 23096038)
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 (Post 23096038)
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 (Post 23096077)
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.)


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