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Originally Posted by Greenguy
This thread has now officially turned into the stupidest thread on the board, overtaking Mr Ann's dumpster diving fiasco.
I guess all these companies should dissolve their corporations & just run everything thru their's SS numbers 
2 words: Pension Plan
2 more words: Profit Sharing
There are so many benefits to having a company with 2 employees that it's not even funny.
But maybe you know more than EVERY accountant that has ever lived. |
what I am saying is if you are one guy or two even behind your computer at home you should not be a corpoaration. pension plan & profitsharing ok cool. but I am basicly saying is a person who forms a corporation and uses affialiate marketing as his biz is not doing himself a favor tax wise. Now I am just speaking tax wise not about other benefits. A sole proprietor he would taxed on personal income tax, as an s corp you also taxed on your personal income tax. but have the added issue of an annual franchise tax unless your corp is in nevada. if you company is sued it is true that if your personal assets will not be touchable provided you done nothing illegal. pension and profit sharing plans are avialable to all business, they are not corporate benefits.