Quote:
Originally posted by Greenguy
S-Corp for me.
It's sweet too because it's just my wife & I on the business & since we have no actual "employees" (just Independent Contractors) when we put money away for Profit Sharing, we get all of it (the law states that you have to give an equal amount to each employee)
Of course, this was all based on my accountant's advice
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I do the same thing. And since I am the only stock investor, I also am allowed to take Equitity draws against the company all year long. No employee taxes to boot!