4 ms·
Might want to explore if California is really where you want it. Look at the yearly annual report costs for one. Also, with Trump's tax plan, C corps might be
by unstatusthequo 9y ago
Might want to explore if California is really where you want it. Look at the yearly annual report costs for one.
Also, with Trump's tax plan, C corps might be taxed less than you as flow through via your LLC. If your tax rate is above the new ~22% c corp rate, you might want to look at that and do a Delaware C or S Corp. Attorney; just sayin'
- aidenn0 9y agoIANAL, but pretty sure CA LLCs allow you to elect to be taxed as an S- or C- corporation.
- deleted 9y ago[deleted]
- jjeaff 9y agoIt would have to be pretty low to get ahead with a c-corp. Because to pay yourself passthrough on the c-corp, you will be getting the lower Trump corporate tax, but you still have to also pay capital gains tax when you receive it. (not to mention you still have to pay yourself a reasonable salary). I don't think cap gains tax plus corporate tax will end up less than even the highest earned income rate.