View Single Post
Old 02-03-2012, 12:17 PM
grass-scapes's Avatar
grass-scapes grass-scapes is offline
LawnSite Bronze Member
Join Date: Apr 2003
Location: Greensboro NC
Posts: 1,554
my business is an S-corp. I own 100 percent of the stock. I have no partners. I save about 15% from the elimination of the self-employment tax.

I have to have a shareholder meeting once per year. I am the lone shareholder....get the drift?

My wife is listed as the secretary. I file paperwork once per year with a fee to the state.

Simple, easy, cheap. I think it cost me $35 dollars to form an S-corp

NOT a c-corp.....form an S-corp
Your profit from the business is reported on your personal tax forms at year end.

You have to file a corporate return but all tax liability transfers to the shareholders.
By the time you can make ends meet....They move the ends.
Grass Scapes
Greensboro NC
Reply With Quote
Page generated in 0.04107 seconds with 8 queries