Thread: From LLC to INC
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Old 02-02-2012, 02:53 PM
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grass-scapes grass-scapes is offline
LawnSite Bronze Member
Join Date: Apr 2003
Location: Greensboro NC
Posts: 1,554
15 percent self employment tax.

with INC, you should be able to avoid pay yourself a reasonable salary based on the job you do.

The rest of the profit will trickle down and you will report it on your personal taxes, assuming you do the s-corp. C-corp you don't want.

the profits from the business you will just pay your normal tax rate as long as you pay yourself that reasonable salary I just mentioned.
By the time you can make ends meet....They move the ends.
Grass Scapes
Greensboro NC
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