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Under a certain amount of revenue, the double taxation treatment of a C Corp actually saves you money compared to the pass through taxation most people elect as
by matte_black 9y ago
Under a certain amount of revenue, the double taxation treatment of a C Corp actually saves you money compared to the pass through taxation most people elect as an LLC. And by the time you’re making larger revenues, you’ll want to be a C Corp anyway.
- jjeaff 9y agoHow would that be? You still have to pay yourself a reasonable salary which would be taxed at regular earned income rates. And then for any dividends you pay yourself, you are going to pay corporate tax of 21% (after Trump tax changes hit) plus 15% or more capital gains.