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Old 11-29-2013, 08:12 PM
stang2244 stang2244 is offline
LawnSite Senior Member
 
Join Date: Jun 2007
Location: Colorado
Posts: 250
I switched to an S corp a few years back. At this point I still have to sign a personal guarantee on things. Biggest benefit was the tax savings on the "pass thru" revenue(amount over my salary that I "take home"). I only pay income tax on that amount instead of the self employment tax AND income tax.
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