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NOPE. C-corp taxes are subject to all sorts of rules. You can't do C-corp taxes on your own except in the most simple of circumstances. You definitely need a
by Nrsolis 14y ago
NOPE.
C-corp taxes are subject to all sorts of rules. You can't do C-corp taxes on your own except in the most simple of circumstances. You definitely need a CPA (and a good one) if you're going this route.
- swampthing 14y agoIt's not really hard / expensive to find a CPA that can do C-corp taxes, at least in Silicon Valley.
- eli 14y agoI didn't mean so simple you could do yourself; I meant simple compared to S-Corp.
- Nrsolis 14y agoA C-corp and an S-corp are equivalent in all but a few ways: An S-corp is restricted in the total number of shareholders, and the classes of stock. It also can't have retained earnings. That's it. S-corps aren't really popular any longer. Everyone who might have benefited from an S-corp is choosing to form LLCs instead. Less paperwork. Less formality. More flexibility. It's essentially a partnership with the limited liability of a corporation. Heck, even AOL was an LLC for a while.