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How would a holding company help? Wouldn't the company just be subject to the tax then (at the corporate tax rate which would be even higher)?
by benmccann 16y ago
How would a holding company help? Wouldn't the company just be subject to the tax then (at the corporate tax rate which would be even higher)?
- dotBen 16y agoI believe there are various things you can do (note IANAL, or accountant) such as take procedes taxed as a dividend (lesser tax rate) or even not take the money out of the company and reinvest or buy an asset and net out zero taxable profit. And S-Corp would also come under your personal tax rate, I believe rather than corporate tax rate.