C Corp or S Corp? We will help you choose the best one for you!
- 1 hr1 hour
- Location 1
A corporation is a legal form in which you can organize and conduct a business and share in the profit and losses. A corporation has a legal existence complete separate from its owners. If you incorporate your practice, the corporation become the owner of the business, and you own the corporation in form of stock ownership, and ordinarily you work as its employee. There are two types of Corporations. S-Corporations are taxed similar than partnership, income and loss pass through the corporation to the owners personal tax returns. C-Corporation do not pass through to the owners individual tax returns, this entity must pay pay income taxes on their net income and file their ow tax returns. Before you choose to incorporate, you need to know if you are ready to make the next step and operate not only based in the advantages but also with the dis-vantages that this types of business offer.
Asheville, NC, USA