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Old 11-29-2018, 07:33 PM
 
512 posts, read 217,803 times
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Quote:
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 08:10 PM..
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Old Today, 01:51 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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