The s-corp tag has no wiki summary.
3
votes
3answers
145 views
Defer Taxes on Profits in an S-Corporation
Are there any ways to defer taxation on S-Corp profits in a year?
2
votes
4answers
101 views
Pitfalls of using an online service to form an S-Corp
My company (or soon to be) is looking at becoming an S-Corp. Right now most of our funds are tied up in the company and we can't really afford to hire an attorney to do the work for us. Can we get by ...
2
votes
2answers
292 views
Proper way to get share in US company for non-US citizen
I was working for quite a time with US company which is S Corporation.
Now we are planning to continue as partners and I should get 10% of the company.
As far as I understand I cant be a shareholder ...
2
votes
1answer
256 views
S Corp Salary - no income
My startup is at the stage where I'm considering forming an LLC, S-Corp or C-Corp. I've been reading a lot, on this site and others, about the various advantages and disadvantages of the 3 main ...
2
votes
2answers
138 views
Paying S-Corp Owner Directly from Main Bank Account
I run a small US-based startup, (an S Corp), I am also a contractor of this business.
Am I able to withdrawl money from the main business banking account and pay myself (a contractor) without writing ...
1
vote
4answers
148 views
C-Corp vs LLC. How much more complex?
I am starting a technology business with my 50% partner. We are trying to decide between an LLC and a C-Corp. (We are in Michigan) In our case an S-Corp probably won't work too well. I've read a ...
1
vote
1answer
178 views
S corp distribution income tax rate
I am the sole owner of an S corp and I am the only employee. If I make $100,000/year and I pay myself $50,000 as a salary and the other $50,000 as distribution. How much income tax do I have to pay on ...
1
vote
1answer
108 views
Reasons not to start as an S corporation for a small professional services firm
My understanding is that an S corporation is the easiest for a new firm, and can always be changed to a C corporation later. What are the reasons not to do it this way?
The firm under consideration ...
1
vote
1answer
85 views
Do you send a copy Certificate of Incorporation (Articles of Incorporation) to an interested investor?
Do you think is safe to send a copy of the certificate of corporation (Articles Of Incorporation) to a very interested investor?
I think this investor wants to verify that my startup company is ...
1
vote
1answer
54 views
Maintaining S corp in california
I recently registered a S corp in CA. At this time I do not have any transaction. Income is 0, hoever I have made some expenses with my Biz account for small items like computer, desk etc.
From what ...
1
vote
2answers
84 views
Does The IRS Think Full-Time S-Corp Shareholders Are Also Employees?
After asking about the taxation of fringe benefits for shareholders in an S Corp, it occurred to me that there could be two types of shareholders. Those who are silently collecting whatever profits ...
1
vote
1answer
59 views
Most Appropriate Business Type for Selling a Virtual Product?
I run a business where sells certain ebooks and pdfs online. I want to form an official business entity just to be able to operate under that name, protect myself from liability as well as get any ...
1
vote
3answers
586 views
Taxation of fringe benefits for shareholders in an S Corp?
In this publication, the IRS lists a number of fringe benefits that you can provide employees and details when/why they would be considered taxable vs. non-taxable. However, at the start of the ...
0
votes
2answers
110 views
I am starting a consulting firm. My client is in canada but will pay me in US currency. Should I create an LLC or S-corp
I live in California USA. I have a client in Toronto Canada. They are paying me in US dollars and require a corp-to-corp realationship. Should I create an LLC or S-corp?
0
votes
1answer
135 views
No Income on S-corp currently. What happens when the S-corp starts generating income?
I want to start a S-corp. The company will not generate any income atleast of for 1 year. Probably after a year the company may start generating some income. I also have a fulltime job. When the ...
0
votes
1answer
48 views
Recommended Business Structure for Group of Part Time App Builders
A few friends and I have started building small apps and WordPress plugins in our spare time, and I'm wondering what would be the best business structure (LLC, S-Corp, etc) as I think it's almost time ...
0
votes
0answers
39 views
Single Employee S Corp - Wage/Salary Options
I'm starting a self-employed S-Corp to perform software development services for which I will charge an hourly rate. I'm setting myself up as the sole employee of the S-Corp and will pay myself using ...
