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Old 11-29-2018, 06:33 PM
Status: "Signing off due to heavy handed mods" (set 25 days ago)
728 posts, read 377,134 times
Reputation: 1145


Originally Posted by Mattks View Post
They are taxed differently then income tax, at a lower rate then income tax. Corporate tax rates are much lower then income tax rates.

Rather then just saying incorrect, feel free to add any corrections necessary.
You’re wrong and your post is misleading. They can be 2 - 2.5x the personal income tax rate.

Last edited by COcheesehead; 11-29-2018 at 07:10 PM..
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Old 12-06-2018, 12:51 PM
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If my biz is earning anywhere in five figures and above, there's no way I wouldn't be incorporated. The choice of structure depends on a lot of factors. I'm lucky that my wife is a CPA, so she makes pretty good recommendations for me.
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