C or S Corp? - Posted by Leon

Posted by Rik NJ on May 12, 1999 at 10:26:26:

In my opinion a C corp. is always the best option. The common rebuttal that I hear is that C corps are subject to double taxation. That’s simply not true (if you’re smart). You can take the money out of the company in many other ways besides earned income or dividends. C.W. Allen of Sage International, Inc. is someone you should talk to. He is the most knowledgeable person I know of regarding asset protection and legal tax avoidance through corporate structuring. He can be reached at 1-800-254-5779.

I hope that helps.

Rik NJ

C or S Corp? - Posted by Leon

Posted by Leon on May 12, 1999 at 01:47:29:

This will be my first year of REI. I like the idea of building some cash flow first and getting my feet wet by doing some flips and L/O. My salary is approx 55k and wife’s self employed making approx 12k. Which is better for my situation, C or S Corp. Thanks to you all!